Financial institutions and corporate banks face challenges that threaten their market position in business to business payments. Competition, costs, and the demands of corporates are all increasing. Add to this the pressure of operating in a payments landscape going through a unique period of change in terms of regulatory and compliance challenges, customer experience expectations and the move to open ecosystems and collaboration platforms.
With Fusion Global PAYplus on the cloud, Finastra provides a packaged multi-rail payments service which removes the burden of scheme and regulation changes and provides easy access to new markets with the latest payments innovations, so you power ahead of your rivals. And your customer, the corporate treasurer, reaps the benefits with faster decision-making, efficient liquidity management, and a quicker and transparent payments process.
Payments in the cloud outlook 2020
Shai Kariv
Cloud Product Manager, Payments
“Cloud means different things to different clients. But while the way they define it may vary, the drivers behind their decision are far more consistent."
When we say “cloud”, what do we really mean?
Our market commentary explores how more and more banks are on their journey to the cloud. It is no longer seen as the future or an emerging trend; it has become a critical tool to remain competitive.
FOCUS ON WHAT MATTERS TO YOU NOW
Global experience with local understanding – our corporate payments experts understand your organization’s needs and context to guide you easily on your immediate payments journey.
STAY THE COURSE TO INVEST FOR THE FUTURE
Confidence to embrace the urgency created by regulation, corporates, and competitors to act to future-proof your corporate payments business for you and your clients.
KEEP AHEAD WITH AGILE AND OPEN INNOVATION
Learn from, adapt, and embed the latest innovations and collaborate with an open ecosystem of partners to generate value across the corporate payments value chain.
Resources
This report, authored by Celent, explores the misconceptions that persist in the payments industry cloud payment processing, particularly with regard to security, regulatory compliance, cost and risk, and shows how modern cloud technology addresses and neutralizes them. It also makes the strong case that for a host of reasons – among them the advent of real-time payments, the rise of open banking, and the ISO20022-powered drive to standardization – it is time for banks to take a closer look at cloud-based payment solutions.
Learn how cloud based payment solutions are gaining momentum as fears ease over security, regulatory compliance, cost and risk.
In this report Aite Group explores the current state of real-time payments in the US
Download the infographic to gain insights on the state of RTP adoption and projections for the near-term, as well as insights on how to banks are approaching hurdles to adoption, leveraging research from a recent Aite Group report, Real-time Payments: Linking Connectivity and Adoption.