Why mid-tier U.S. financial institutions must modernize to thrive
Mid-tier financial institutions in the U.S. are facing a crucial moment in the payments landscape, where modernization is imperative to meet the evolving needs of their business clients and compete with larger players and agile fintechs.
As companies increasingly demand faster, more efficient, and data-rich payment solutions, mid-tier financial institutions must act swiftly to upgrade their payments infrastructure. This infographic summarizes the findings of a new report from Datos Insights, commissioned by Finastra, which surveyed both mid-size and large corporates and global banks.
Key insights include:
- The importance of financial institutions aligning with the modernization plans of their business customers.
- The increasing pressure coming from agile fintech solutions.
- The need for partnerships and cloud-native solutions.
- Topics of increasing interest to businesses, such as ISO 20022 adoption and improved cross-border services, where financial institutions can provide vital support.
