January 16, 2019
As the payments landscape continues to evolve, financial institutions of all sizes are challenged to modernize their payments infrastructure to improve speed, increase efficiency, and maintain the highest standards of security and resilience.
Payments play a critical role in consumer purchases, trade & commerce, supply chains, finance, securities trading, and much more. This ubiquity, combined with an evolution that is driving speed and ease of money movement, creates unique opportunities for financial institutions.
However, financial institutions are at risk of missing these opportunities due to a persistent view of payments as a commoditized necessity, rather than a differentiator. In a hyper-connected world where businesses and consumers expect payments that adapt to the way they live and work, continuing to relegate payments to the back burner of transformational priorities is a potentially serious mistake.