2023 Outlook: Surviving and Thriving in Challenging Times

March 15, 2023
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As companies move into 2023, they face a new, more challenging environment than what came before. Whether due to rising competition, a worsening economy or the growing presence of fraud, payments firms face a bitter cocktail of threats over the next 12 months.

In these difficult times, firms must find ways of overcoming these risks while grappling with the continuous obligation to stay compliant, despite compliance teams being pushed to their limits as they work to achieve their goals for growth.

However, against this backdrop, firms are harnessing new and alternative payments technologies, both internally and through M&A, to increase revenue, resolve compliance and security problems and protect their core customer base against competitors.

Payments firms should, therefore, understand the tools available to them, helping the decision-makers in payments to help understand, benchmark and ultimately support that learning and improvement process.

VIXIO PaymentsCompliance surveyed 202 senior and executive compliance and regulatory professionals at global payments companies in the UK, US, Germany and Brazil, across multiple payments sectors, to understand their priorities, sentiments and strategies to survive and thrive in this new environment. 

Click here to download Surviving and Thriving in Challenging Times.

 

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