Payments Data Monetisation
Why should you care about your payments data?
Your payments data is one of your most valuable assets, but you may not know it yet. Margin pressure and growing customer expectations, alongside ISO 20022 migration and the expansion of real-time payments infrastructure have driven huge opportunities in using payments data to generate revenue and drive business value. More than ever, banks that are slow to respond will risk losing corporate clients to more nimble competitors.
How can Icon work with you?
Icon Solutions has a unique combination of domain knowledge and technology expertise. This combined with our active role working with the payments regulators and industry bodies makes us the partner of choice for banks to enable them to fully realise the value available from payments data. With a short initial engagement, we can assess the maturity of your payments data strategy and continue by working with you on developing a full payments data strategy and business roadmap.
We offer two types of engagement, initial maturity assessment and full data strategy. Using our highly skilled payments practitioners and knowledge base within our Payments Centre of Excellence, our approach is:
Would you like to find out how Icon can assist you on your payments data monetisation journey?
Expectation versus reality for payments data monetisation
Identifying the data-led services corporates want
Payments data monetisation: Unlocking the business value from payments data
Let’s take a look at some of the important considerations to keep in mind when evaluating Request to Pay technologies.