In the ever-evolving push by FIs to serve corporate clients, bringing new credit products to market remains a key initiative. As detailed in the Corporate Credit Products edition of the Innovation Readiness Playbook, and also in a recent interview between i2c Executive Vice President of Global Sales Joe DeRosa and Karen Webster, bringing corporate cards into the digital age represents both challenge and opportunity.
Data:
74 percent: Share of FIs that offer corporate credit products.
60 percent: Share of FIs’ revenues that come from corporate credit.
80.2 percent: Portion of FIs focusing on a mix of new corporate credit products and features.
86.7 percent: Share of top-performing FIs that invest in corporate credit product innovation.
53.6 percent: Portion of FIs that observe market trends before unveiling new corporate credit products.