Articles & Trend Reports

The Speed of Money: Why It Matters for Financial Services Professionals

Posted on 06 Oct 2021

Customers are increasingly demanding faster money movement. The evidence is here— they are actively abandoning financial transactions that take too long to complete due to slow money movement speeds/new account funding.

To learn how impactful the speed of money movement is on financial transactions, and where both risks and opportunities present themselves, read the American Banker summary of the research.

This executive summary contains practical advice on how your organization can approach faster money movement and reviews what happens when money doesn’t move fast enough—consumers abandoning transactions—and who’s abandoning them at higher rates. It also covers how big the issue has become in today’s instant gratification attitude (“I need it now”) and more.

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