Real-time payments are quickly moving from a nice-to-have feature to a customer expectation – even as many banks and credit unions remain cautious about fraud risk, operational complexity and even how to get started.
Banks struggle with fragmented, manual processes that slow down critical operations like KYC, lending, and client onboarding. With 90% of enterprise data remaining unstructured and trapped in paper, emails, and spreadsheets, traditional institutions face high abandonment rates and rising operational costs.
Open finance is quickly becoming a core capability for financial institutions – but many banks and credit unions are still struggling to move beyond fragmented integrations and one-off APIs.