75% of U.S. Banks and Credit Unions Eye Receivables Tech Overhaul in Next 18 Months
Event summary
- 75% of financial institutions (FIs) with $30B or less in assets are actively evaluating or planning to evaluate receivables and payment technology within the next 18 months.
- 67% of FIs plan to increase technology spending related to receivables and payment processing, per a CheckAlt-commissioned Datos Insights survey (Q1-Q2 2026).
- 80% of FIs ranked seamless core integration as the most important factor when evaluating receivables and payment technology providers.
- 88% of FIs believe stronger receivables and payment capabilities could support commercial banking revenue growth.
The big picture
The receivables modernization wave reflects evolving commercial client expectations for visibility, speed, and streamlined workflows. As FIs increasingly tie these capabilities to revenue growth, the next 18 months will determine which institutions gain a competitive edge in commercial banking. The strategic shift underscores how operational efficiency is now directly linked to market positioning.
What we're watching
- Integration Challenges
- Whether FIs can balance receivables modernization with existing IT priorities and resource constraints.
- Competitive Dynamics
- How the pace of modernization will affect commercial client retention and treasury relationship competition.
- Vendor Differentiation
- Which providers can deliver seamless core integration and operational efficiency to win FI contracts.
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