Three accelerating trends in transaction banking
We outline three recent accelerating trends in the Australian payments space.
COVID-19 restrictions on mobility have greatly impacted businesses and consumers, with three underlying trends accelerating:
- businesses that had transitioned from bricks to clicks prior to COVID-19 fared better during lockdowns.
- businesses may look to creditors who can approve and inject liquidity within hours rather than days or weeks more favourably.
- 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:
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