Payment firms poised to thrive post-pandemic

The financial industry is showing an increased interest in lesser-known companies, as these platforms-focused firms like Currencycloud and Payoneer have been highly rated by their peers, according to a recent survey. These companies are being closely monitored for their potential impact on the market, with the survey suggesting they could potentially be significant players in the industry.

The survey results highlight the potential for these lesser-known companies to challenge the status quo and disrupt the traditional landscape of the industry. The research indicates a focus on these companies, alongside well-known ones, as potential key players.

One such company that has recently gained attention is iBanFirst, which recently announced closing their Series C round, indicating growth or expansion in their operations.

The survey findings underscore the importance of considering lesser-known companies as potential competitors or partners. The industry is becoming more inclusive of these companies in its strategic considerations.

The survey results show a focus on differentiated products to support growth, whether B2B or B2C, new payment methods, or rich platform products. A strong digital offering is considered a key competitive advantage for both well-known and lesser-known companies.

The survey identified several lesser-known companies of interest in the industry. However, the lesser-known companies under observation may represent new opportunities or threats in the industry.

Meanwhile, incumbents are also taking advantage of market opportunities during a crisis. A war chest of cash can help leading digital-focused players withstand increased cash burn if certain revenue streams dry up. Western Union, for example, is reportedly considering buying MoneyGram, which could be an indication of this trend.

In addition to these emerging players, the survey identified three digitalized companies expected to emerge strongest after the crisis: Equinix, Dassault Systèmes, and Alphabet. Equinix is recognized for significantly strengthening digital infrastructure and local economies in Germany through massive investments and fostering IT talent. Dassault Systèmes shows strong growth driven by its 3D Experience and cloud software, especially impacting aerospace, high-tech, and automotive sectors with strong financial results and ongoing digital transformation. Alphabet leads in artificial intelligence innovation with its KI model Gemini integrated across its dominant services like Google Search, YouTube, and Cloud, driving growth and market influence.

As the financial industry continues to evolve, it will be interesting to see how these lesser-known companies and digital giants shape the future of the sector.