This report looks at payments companies in digitization and task automation serving financial institutions, retailers, and other businesses.
CB Insights identified 100+ payments companies addressing 7 technology priorities, from payment APIs & infrastructure to white-label digital wallets, that financial institutions, retailers, and businesses face. The purpose of the analysis is to provide technology buyers with an overview of the technology landscape and its market participants.
Key themes explored in this report include:
- Automated accounting: Artificial intelligence and machine learning are enabling businesses across industries to automate the entire accounting process from accounts receivable to accounts payable to spend management.
- Faster payment processing: From API connectivity to digital payments infrastructure, companies are using new technologies to process payments faster and more securely.
- Product personalization: Non-financial institutions like retailers are using white-label solutions such as digital wallets to provide more attractive and personalized products for their customers.
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