Digital Transformation / DX
Artificial Intelligence / AI
Internet of Things
Manual processes leave financial orgs open to risk, study shows
“Trade compliance is a critical function where mistakes can cost businesses millions. An area where the smallest omission can throw off the entire strategy of a business is no place to take a chance."
Failed payments costing Asia Pacific organisations more than $41b every year - Accuity report
The study also found that 60% of respondents are losing customers because of failed payments.
$118.5 billion lost in fees due to failed payments in 2020
Banks spent on average approximately $360,000 in 2020 on failed payments, whereas the average corporate firm spent just over $200,000.