Three accelerating trends in transaction banking

We outline three recent accelerating trends in the Australian payments space.

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COVID-19 restrictions on mobility have greatly impacted businesses and consumers, with three underlying trends accelerating:

 

  1. businesses that had transitioned from bricks to clicks prior to COVID-19 fared better during lockdowns.
  2. businesses may look to creditors who can approve and inject liquidity within hours rather than days or weeks more favourably.
  3. the trend to interoperable data standards via Open Banking is expected to speed up decision-making timeframes across the financial services value chain.

 

Open our latest Transactionable Insights paper to learn more: 

 

3 accelerating trends in transaction banking

 

 

 

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