FinTechs and digital-first challengers have raised consumer expectations for frictionless transactions.
Traditional banks are facing pressure due to complex and siloed payment systems, leading to inefficiencies.
Businesses lose an average of $98.5 million annually due to disruptions in money movement, citing cyber threats, fraud, and regulatory complexities as main contributors.
Payment hubs provide unified platforms that streamline payment processing, offering faster transactions and enhanced security and compliance.