The Modernization of Payments and the New Bank Tech Company
In 2020, payments are expected to be fast, seamless, and secure. As digital and emerging payments types become more complex and require greater levels of personalization rooted in data, FIs and payments organizations must take a serious look at the technology backbone behind payments modernization.
Digital transformation has been a buzzword for years now, though it means many different things to many different people. This white paper seeks to explore the nature of the modernization of payments and why banks and fintechs must position themselves as technology leaders to survive this critical period of growth in the payments space
Download our latest white paper to get insights on:
- The necessity of payments modernization: Outdated infrastructure, a changing regulatory climate, increasingly sophisticated customer expectations, and competitive pressure are all driving forces behind the need for digital transformation and modernization.
- The cloud’s role in modernization: The cloud facilitates automation and standardization via an open API model that supports better security, a more agile operating model, and the ability to quickly leverage new capabilities.
- Critical considerations for launching a modernization effort: When migrating to the cloud, companies must consider sourcing, the remediation of legacy applications, and building an effective team for the transition.
This paper is for payments companies that want to better understand the current and future trends and the important considerations that can impact success.