Whitepaper: Enabling innovation through payments platform transformation
Global trends, such as changing customer demands, new entrants, innovative technologies, regulatory pressure, higher costs and lower profit margins are driving significant changes to the financial services market.
Expenditures for maintaining and upgrading existing IT infrastructure are limiting the resources banks can devote to innovation and investments in new digital technologies – effectively driving the need for banks to pursue alternative options.
In this whitepaper, we examine how a rapidly changing financial environment is urging banks to rethink their business strategies and back-end operations. We also present a string of key elements and options for banks to consider when driving the necessary change to their payments platforms. Ultimately, making the right choices will help banks to compete in the new, digitized financial era.
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