The world is turning data into a regulated utility for commerce. The era of basic data sharing is giving way to a system in which permissioned information flows act as new payment rails, moving value with speed, auditability, and consent. Open banking began as a competition remedy in retail
For decades, the cost of moving money across borders was a fixed, frustrating part of global business. That era is ending. In 2026, the gap between corporates reliant on the slow, opaque correspondent banking system and those leveraging a multi-rail payment strategy will become a competitive chasm.
Most business owners are experts in their trade, not in treasury management. They focus on profits, sales, and expenses, while the bank accounts that manage the flow of capital are often an afterthought. Many operate entirely from a business checking account, treating it as a simple digital wallet
The old model of banking transformation is broken. For years, financial institutions have pursued cost reduction, risk management, and finance modernization as separate, siloed initiatives. The results are often underwhelming, with fragmented systems and competing priorities undermining progress.
Most banks pride themselves on speed. Moving money is now a commodity – push a button, funds appear. But convenience has become a gateway for fraud. In 2023, criminals stole more than £460 million through authorized push‑payment (APP) scams, with 76% of scams starting online and another 16% via
Customers today expect the world from their banks. Security is non-negotiable, personalized digital services are rewarded with more engagement, and empathetic experiences are increasingly important. But are the banks delivering? As data, AI, and customer data use cases expand in the financial
