What are the 6 essential business requirements for a Payments as a Service solution?
Navigate the complexity of this must-win payments transformation and deliver the future of banking.
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In today’s digital landscape, financial institutions face regulatory demands and intense competition, necessitating innovative solutions like Payments as a Service (PaaS). PaaS solutions streamline processing, ensure compliance, and boost efficiency, allowing organizations to automate payments and adapt to market changes swiftly.
Choosing the right PaaS solution is crucial for long-term success and competitiveness. As you evaluate PaaS solutions, ask these questions to ensure your financial institution’s Payments as a Service strategy supports these must-have business requirements.
- How will it help accelerate time to market?
- What capabilities will allow us to innovate and offer new services faster?
- How does the solution lower operational costs and TCO?
- Does it allow us to offer 24/7/365 payment services and is it ready to handle the expected surge in payments volume?
- Will the solution support our regulation, compliance, and regional mandates?
- How will customer and employee experiences improve with the solution?
Finastra, along with Microsoft provide the expertise needed to accelerate time-to-market, simplify innovation, lower costs, deliver exceptional customer experiences, and meet regulatory requirements, all while driving payments in the cloud. Download this white paper to learn more.
