65% of banks struggle with payment profitability according to Aite research

Report reveals that slow payment transformation risks shrinking margins furtherLondon, 17th September 2019 – Aite Group, a global research and advisory firm in financial services, today launches a new report “The Payments Transformation Race: Criteria for Success”, commissioned by Icon Solutions. Based on a global survey of senior executives at the world’s top-tier banks, it reveals that high costs, low margins and increasingly commoditised business models are eroding payment profits, resulting in some services failing... Source: RealWire

via Albert Sherrill Investment Blog http://www.realwire.com/releases/65-of-banks-struggle-with-payment-profitability-according-to-Aite-research