In 2024, the payment industry is poised for transformative changes, marked by the increasing adoption of real-time payments. In addition, a significant rise in the integration of artificial intelligence and machine learning is expected, enabling more personalized and secure payment experiences and most importantly—automation. Cross-border transactions are becoming more streamlined, reducing costs and enhancing transaction speed. Lastly, the industry is preparing for the implementation of the ISO 20022 standard, promising greater efficiency and data-rich transactions.
In this American Banker-hosted webinar, Erika Baumann, Director, Commercial Banking & Payments Practice at Datos Insights, and Mark Majeske, Senior Vice President, Faster Payments at Alacriti, discuss:
- An overview of anticipated payments trends in 2024
- Modernizing payments with real-time payments and automation
- Use cases for real-time payments by industry
- Where businesses are investing in payments technology
- Cross-border generative AI
- APIs and open banking and how they're evolving into ERP banking
- The impact of Fedwire modernization to ISO 20022 by 2025
