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Introduction

Real-time or immediate payment infrastructures are largely seen as consumer-driven initiatives, but as the US gears up to move to real-time, corporate banks are increasing their investment in platforms to take advantage of the opportunities it presents.

Highlights

  • 50% of corporate banks in the US plan to increase their IT spending on RTP systems in 2018, and of those, 28% say they will increase budgets by more than 6% on 2017 levels. There is also increased spending on related ACH and wholesale payment systems.

Features and Benefits

  • Learn why real-time cash positions across global accounts top the product and service plans of 44% of US institutions.
  • The report identifies firm plans to adopt artificial intelligence technology to improve services and operational efficiency.

Key questions answered

  • Why do corporate banks see RTP as a way to address existing service limitations?
  • What challenges do banks face as payments processing moves towards real time?

Table of contents

Summary

  • Catalyst
  • Ovum view
  • Key messages

Investment in real-time platforms is booming and will drive investment in wider services

  • RTP spending is increasing ahead of market adoption
  • Development strategies are building for the future

Real-time payments lead to service innovation

  • Up-to-date account data is essential for improved analytics
  • Open banking will be a differentiator in corporate banking

Appendix

  • Methodology
  • Further reading
  • Author

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