To eliminate friction in banking, FIs need dynamic ecosystems beyond channels. Modern architecture bridges these ecosystems, enhancing competitiveness against disruptive players.
Innovation, immediacy, flexibility, and interoperability are vital in the instant payments industry. Asia-Pacific leads with common standards and growing cross-border transactions.
The fintech and alternative payment methods (APM) market is reshaping competition. Discover how banks are leveraging partnership to bring extended solutions to their ecosystem.
From implementing a seamless backend infrastructure to handle payments or enabling tap-and-go payment solutions, banks must innovate to meet modern consumer demands effectively.
There is a case for payments migration, but obstacles exist. This blog outlines key "gotchas" in payments migration, challenges that impede efforts, and advice on avoiding them.
Strong partnerships deliver results in payments. As banks modernize systems, they seek relationships built on partnership, not just traditional customer-supplier dynamics.
Banks need to integrate real-time payments into the latest payment solutions to meet consumer demand for flexible mobile payments and offer a transparent multi-channel experience.
Once banks move away from channel-centric approach that stifles innovation, they'll offer dynamic digital ecosystems that match customers' need for "always on" solutions.
Doing nothing isn't ideal, but a Big Bang approach is risky. A phased, agile approach to updating payment platforms reduces risk and allows banks to update systems step-by-step.
“Instant payments.” A term talked about for years, but in practice (excluding cash) it's less than a decade old. What does it mean & why is it important in the payment space?
