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Posted March 10th, 2021 for IDC
SINGAPORE, March 11, 2021 – IDC has published the document IDC FutureScape: Corporate Banking Worldwide 2021 Predictions Asia/Pacific (Excluding Japan) Implications that contextualizes Corporate Banking predictions for 2021. The predictions highlight the significant opportunities of banks to transform and expand their corporate banking product and services capabilities with the need to adopt for new business realities and the pressure from the socioeconomic disruption caused by the COVID-19 pandemic.
IDC believes a rich portfolio of overlay services providing value-added services for customers will be critical for banks to stay relevant in the payments game. Among the most hyped overlays are Request to Pay, which will reduce costs and generate data to optimize reconciliation while offering a simple and secure method to collect payments. But overlay services can take many shapes and forms, spanning track-and-trace services, real- ....

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