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Overview : |
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Financial organizations across-the-board are feeling the impact of a changing payments and cash management business. Transaction management business margins are being squeezed, traditional business borders are disappearing with SEPA (Single Euro Payments Area), and float is becoming a thing of the past due to the electronification of payments.
As margins are squeezed from the commoditization of the transaction management and payments businesses, bankers look to reduce service delivery costs and improve efficiencies to create new revenue opportunities. However, such costs are not easily reduced. Banks and other financial services firms are faced with multiple aging and complex infrastructures systems from fractured business units and M&A activities, competition is increasing from both the globalization of the market and from new technology entrants such as PayPal, and customers have become more demanding. Learn how financial services organizations are building a bridge to their corporate customers with the help of the Sterling Commerce Multi-Enterprise Finance Gateway (MEFG). |
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