Why attend
The payments sector is evolving rapidly with real time payment rails, ISO 20022 adoption, cryptocurrencies, applications of Gen AI and modern messaging technologies. The necessity of banks to modernize, is driven by changing regulatory requirements, rising customer expectations, and intensified competition. Many banks avoid modernizing their payment infrastructure due to complexity, cost, and risk. According to Omdia, more than 64% of corporate banks’ technology budget is spent on maintaining existing legacy technology, and just 36% is allocated to either growing or transforming their technology.
The software market is shifting from traditional monolithic architectures that take years to implement and months to upgrade, moving to modular, containerized microservices-based solutions. These solutions can be consumed piecemeal, without a need to upgrade the entire payments application. Banking is being decomposed to be rationalized and reassembled, with financial institutions now able to consume smaller, standalone components that can be easily integrated through APIs.
In this webinar our panel of payments industry experts will talk about the key factors’ banks must consider for a successful payments modernization program. We will explore how a modern payment hub solution will enable banks to optimize and improve processes, reduce duplication of efforts, mitigate risks, and increase payment processing automation across multiple payment types.
The key take-aways
Microservices-based design: Discover how microservices and APIs provide access to fine grained services, delivering agility and supporting composable banking models
Future-ready technology: Learn how, through adopting cloud-native composable payments capabilities, banks will gain greater agility, efficiency, and faster innovation, paving the way for the "Open economy"
Agile development: Discover how utilizing a DevOps approach can improve software upgradability and agility, and enable faster deployment and reduced downtime
Intelligent operations: Learn how the use of pre-configured, best-practice workflows and business rules minimizes the need for code changes and increases operational efficiency and time to value
This webinar is in partnership with
Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world’s top 100 banks. Our open architecture approach brings together a number of partners and innovators. Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. Learn more at finastra.com.