PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

What Key’s Fintech Investments Say About Commercial Payments

Steve Murphy by Steve Murphy
August 31, 2017
in Analysts Coverage
0
My Imaginary Payment Network Is 1,000 Times Faster Than Visa’s

My Imaginary Payment Network Is 1,000 Times Faster Than Visa’s

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

This piece discusses the recent equity investment by KeyBank in Billtrust, a fintech delivering automated solutions in the cash cycle, most specifically targeted at receivables efficiency. The writer goes on to say that KeyBank has been at the forefront of B2B payments automation over the past several years, certainly for a regional institution versus some of the money center banks, where fintech investments have been a regular occurrence and increased focus. While we were not able to determine how exactly the Billtrust platform may be getting leveraged by the bank, nor the extent of the investment, it is emblematic of more focus on closing the innovation gap, driving the continued need for banks to stay close in delivering latest generation solutions to satisfy client needs.

Mercator has discussed the topic of partnerships and bank fintech collaboration through reports and other ongoing coverage. We expect a shift from the more B2C/SME focus of many VC investments during the frenzied preceding 4 year run-up in startup money, to a more B2B focus, as developers/entrepreneurs and bank staff adjust to the more complex corporate scenarios to apply technology. The piece touches on the ‘consumerization’ of the workplace, and how it is now becoming much more evident to banks based on client expectations for ‘same as I do at home’ experiences.

“Consumer payments innovation has been going on for several years now,” he said. “A corporate treasurer uses this [technology] in their daily lives; they’re consumers too and they’re saying, Why can’t we have this on the commercial side? Banks’ commercial clients are really starting to become insightful users of the art of the possible.”

Perhaps the most interesting aspect of the investment (or piece if you will), is that there is a receivables or biller-based focus to the announcement and solution. We have pointed out in various ways how receivables typically receive substantially less focus than more client facing payables solutions, but can be just as effective in managing working capital.

Overview by Steve Murphy, Director, Commercial and Enterprise Payments Advisory Service at Mercator Advisory Group

Read the full story here

Tags: Commercial PaymentsKeyBank
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    Equinix Helps UK-Based Payments Provider Enable Faster, More Reliable Payments Processing

    January 31, 2023
    credit card tumbling

    How to Detect, and Prevent, Credit Card Tumbling

    January 30, 2023
    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    Why Businesses Need to Adopt Real-Time Payments as a Competitive Differentiator

    January 27, 2023
    faster payments

    Faster Payments Are Set to Revolutionize Modern Digital Payments

    January 26, 2023
    How AI can Help Manage Payments Risk in 2023

    How AI can Help Manage Payments Risk in 2023

    January 25, 2023
    cross-border payments

    How to Implement Effective and Innovative Cross-Border Payment Strategies

    January 24, 2023
    credit card experiences, digital payments, b2b payments

    Will Consumer-to-Business Payment Trends Drive B2B Global Growth in 2023?

    January 23, 2023
    Faster Payments Faster Identity Verification, connected car, payments

    2023 Predictions: Authentication, Digital Identity, and In-Car Payments

    January 20, 2023

    • Advertise With Us
    • About Us
    • Terms of Use
    • Privacy Policy
    • Subscribe
    ADVERTISEMENT
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • News
    • Resources

    © 2022 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the U.S. Bank report - Real-time payments