Payments data accuracy: the lifeblood of business

FX-MM’s inaugural payments processing survey shows the critical importance of payments data accuracy for banks and corporates as they seek to grow their businesses and increase their presence across the world.

The survey, conducted in conjunction with Accuity in April and March this year, revealed that the vast majority of corporates believe the ability to process payments accurately has a direct effect on their organisation’s future growth and that it is a top priority for 2017. Meanwhile, despite the increase in automation in recent years, most banks remain unsatisfied with their straight-through-processing (STP) rates for payments. Read the full article published in FX-MM.