Boston, December 10, 2020 – This quarter again highlights the growing shift toward digitalization within the wholesale banking space. Many of the vendors and products featured here are well-poised to meet the rapidly shifting needs of many banks in 2020 and beyond to enhance their product offerings quickly with minimal implementation resources. Cloud technologies, API enablement, and digital channels all feature heavily as core technologies that will help banks of all sizes gain a competitive differentiator in their wholesale banking, payments, and lending activity.

This report’s featured fintech firms—Biz2Credit, Finzly, Glia, payever, and Upswot—are selected exclusively by Aite Group analysts based on their approaches to existing business challenges and the potential lessons they offer the broader wholesale banking and payments space. These vendors are active across a range of product categories and services catering to banks, and they are intended to serve as partners, not competitors, in the banking space. This is the fourth in a series of quarterly reports.

This 23-page Impact Report contains one figure and six tables. Clients of Aite Group’s Wholesale Banking & Payments service can download this report and the corresponding charts.

This report mentions Accenture, ACI, Bank of the West, Berkley University, Biz2Credit, Citigroup, Deutsche Bank, Finastra, Finzly, FIS, Fiserv, Glia, Goldman Sachs, HCL, IBM, Ideck, JP Morgan Chase, Mastercard, Microsoft, Microsoft Ventures Accelerator, Nexus Venture Partners, Oracle, payever, Santander Consumer Bank, Sequoia Capital, TCS, TD Bank, The Clearing House, Upswot, Visa, and WestBridge Capital.