It’s an innovator’s job to look at the status quo and disrupt what has always been done in favor of progress.
For payment rail innovators, that can sometimes mean exploring new ways to help traditional banks and their clients loop into existing rails in an effort to lower the barrier of accessing an array of legacy payment networks and systems.
Increasingly, however, payment rail innovators are also introducing ways to bypass traditional banks altogether, with many in favor of distributed ledger technology to move money between businesses and across borders.
This week’s look at payment rail innovation explores how B2B payments players are embracing technologies that either ease friction for banks, or offer corporates an entirely new alternative to their financial institutions (FIs).