The Payments Transformation Race: Criteria for Success

Payments transformation will be the biggest challenge facing many banks in the coming years.

Boston, September 17, 2019 –Almost all banks agree that there is significant risk to not moving forward with payments transformation, but few have progressed significantly at this point, and they all have varying timelines for implementation. With more complex needs and more clients than smaller banks, the largest banks in each region need to be leaders of transformation efforts, but that can be challenging with their overwhelming size and internal complexity.

This report, commissioned by Icon Solutions and produced by Aite Group, takes a deep dive into the current state of payments transformation at top global banks and provides a guide for self-assessment. It leverages the knowledge of Aite Group analysts as well as data and information from a 2019 survey of 22 top global banks.

This 28-page Impact Report contains 14 figures. Clients of Aite Group’s Wholesale Banking & Payments service can download this report, the corresponding charts, and the Executive Impact Deck.

This report mentions Icon Solutions.

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