Why payments modernization is a must in 2024
The payments industry is changing fast and unpredictably, 83% of banks bracing themselves for more turmoil ahead. How can you successfully modernize your payment infrastructure to meet your business needs, upcoming regulatory and market expectations? Listen to our panel of experts to explore what banks must do and consider to successfully navigate their payments modernization journey.
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Payments modernization is not a choice but a necessity for banks that want to survive and thrive in the digital age. Banks risk the future of their payments business if they don’t act now. Modernizing payment systems is crucial to keep up with technological advancements and changing consumer expectations. Outdated systems can lead to inefficiencies, security risks, and hinder economic growth.
Listen to our panel of experts shared views on how payments modernization can boost your customer experience, operational performance, and revenue growth if you plan it right for today and the future. Access to the recording on demand and learn about:
- Payments modernization is not a choice, but a necessity – Failing to modernize means not only losing your competitive edge, but also jeopardizing your ability to operate. A Celent survey found that one-third of banks from Europe and APAC consider payments modernization as a top three priority for 2024.
- Payments modernization is not a one-time project, but an ongoing process – It doesn’t end with replacing old systems with new ones. Banks need a clear vision, a sound strategy, and a robust infrastructure that supports innovation, efficiency, and resilience. They must also be ready to adapt to changing customer needs and market changes.
- Payments modernization is not a cost-cutting exercise, but a value-creating opportunity – Look for the best, not the cheapest solution. Focus on the long-term benefits, not the short-term savings. Aim for the maximum potential, not the minimum requirements. Payments modernization can boost your customer experience, operational performance, and revenue growth if you plan it right.
