Your payment data is incredibly valuable, more than you might think. The global digital payment market hit a massive USD 96.07 billion in 2023, and it's still growing fast, which means there's more payment data than ever. With the global digital payment market size at USD 96.07 billion in 2023 and expected to significantly grow further, the volume of payment data is also set to increase.

With businesses facing tight margins, higher customer expectations, changes like ISO 20022, and the rise of real-time payments, there's a big opportunity to use payment data to make more money and grow your business. There is a strong case to invest in order to support revenue growth, and there is also a strong case to invest in order to protect their existing business. There are many data-led services that corporates would pay and would change providers to receive.

Services such as real time cash balances access to virtual account services, greater payables automation and support for ISO 20022 compliance. Real-time payments and ISO 20022 migrations create the case for investment in data monetization with data becoming a strategic asset used as a competitive advantage.

Automated tracking and reconciliation of receivables and virtual accounts is of high value and corporates want this service. ISO 20022 and real-time insights are significant catalysts.

The payment industry is pushing the development of data monetization strategies and most banks are making changes and upgrades infrastructure in order to handle messages in ISO 20022 formats.

Same focus as message transformation and others take on larger scale transformation projects.

Now with ISO 20022 banks and corporates can communicate in an open and standardized way.

ISO 20022 is the game changer and the enabler of your data strategy delivering superior ROI and customer retention.

That's where Validata ConnectIQ comes in. It's an all in one no code super app that helps you make the most of your data. It is system and Data agnostic, and makes it easy for everyone in your company to use giving you valuable insights to boost your revenue and expand your business.

Would you like to find out how we can assist you on your payments data monetisation journey? Contact us here or book a demo!