Transformation of the payments industry has been radical over the past decade. Technological innovation and regulatory change have created an enormous market shift where we’ve been witness to the introduction of Open Banking, PSD2 and Strong Customer Authentication.

Subsequently, the payment methods now made available to consumers and businesses alike have increased dramatically. However, on the flip side, we often find that when it comes to the actual payment allocation process, it’s failed to follow suit and remains a highly manual process for many.