Boston, November 19, 2015 – New customer and market expectations are pressuring banks to evolve and modernize. This is especially true on the cash management side, where transaction complexity has enabled banks to get away with siloed product areas and often clunky legacy technologies for years. Failing to invest now places banks at risk of appearing less technologically savvy to their customers. But where should they be investing to achieve their most critical strategies?
This report focuses on banks’ cash management IT strategies and initiatives over the next two or three years. It is based primarily on the results of a 2015 Aite Group online survey of 25 of the 50 largest U.S. banks by asset size.
This 15-page Impact Note contains seven figures. Clients of Aite Group’s Wholesale Banking & Payments service can download this report.