PaymentsJournal’s Post

The digital twin approach won’t solve every issue of an outdated core banking system because it’s not a replacement. It does, however, offer financial institutions significant immediate benefits. It takes the load off a bank’s core systems and makes them a stable, secure environment for maintaining balances. The digital twin approach also gives institutions a foundation from which to build. Payments and financial services continue to evolve through new technologies like real-time payment rails and artificial intelligence tools. Read more: https://ow.ly/6zGk50SFmke #payments #instantpayments #API #cloud #modernization

Many institutions are waiting to see where payments technology will go before making a significant investment to update their systems. However, the hastening emergence of financial technology means banks and credit unions can’t delay their digital transformations. As financial institutions in Brazil and India have discovered, it’s better to institute flexible, modern core systems before instant payments volume takes off. Increasing consumer demand for real-time responses will likely accelerate U.S. instant payments adoption in the coming years. Read more: https://lnkd.in/gTDSUaXC #payments #modernization #API #cloud #instantpayments Matera

Don't miss our Chief Revenue Officer, Anna Porra's FF News | Fintech Finance interview at Money20/20 Europe as she shares insight on innovation and opportunities in the payment ecosystem. “Firstly, banks and financial institutions need to transition from being direct providers to end customers. This shift opens up new revenue opportunities for banks and by collaborating with third-party platforms, they can access customers they previously couldn’t reach; enabling cross-selling and expansion into new regions and countries." ➡️ https://lnkd.in/deg4NGfc #Payments #Cloud #PaymentEcosystem #Innovation #Banks #FinancialInstitution

☄ When it comes to payments, the need for speed underpinned by new industry, regulatory, and customer demands has put enormous pressure on banks to adapt. Sylvie Boucheron-Saunier discusses how the era of #instantpayments brings new challenges for banks and the role of technologies such as #cloud, #PaymentsasaService, and #AI in solving them. FinTech Futures https://okt.to/RNv14h

☄ When it comes to payments, the need for speed underpinned by new industry, regulatory, and customer demands has put enormous pressure on banks to adapt. Sylvie Boucheron-Saunier discusses how the era of #instantpayments brings new challenges for banks and the role of technologies such as #cloud, #PaymentsasaService, and #AI in solving them. FinTech Futures https://okt.to/ktWF97

☄ When it comes to payments, the need for speed underpinned by new industry, regulatory, and customer demands has put enormous pressure on banks to adapt. Sylvie Boucheron-Saunier discusses how the era of #instantpayments brings new challenges for banks and the role of technologies such as #cloud, #PaymentsasaService, and #AI in solving them. FinTech Futures https://okt.to/thZ75L

Can cutting-edge tech like #AI help traditional banks keep pace with online only players? Yes, but... it's crucial to get the foundations right, as my colleague Howard Glynn explains in FF News | Fintech Finance #AppsbrokerCTS #Cloud #GoogleCloud #banking #HyperPersonalisation

☄ When it comes to payments, the need for speed underpinned by new industry, regulatory, and customer demands has put enormous pressure on banks to adapt. Sylvie Boucheron-Saunier discusses how the era of #instantpayments brings new challenges for banks and the role of technologies such as #cloud, #PaymentsasaService, and #AI in solving them. FinTech Futures https://okt.to/7X9LPw