BANKEN
There is a case for payments migration, but obstacles exist. This blog outlines key "gotchas" in payments migration, challenges that impede efforts, and advice on avoiding them.
Similar to the rest of the world, FIs in Turkey are being disrupted on multiple fronts, especially in the area of payments. We talked to experts about the effect of these changes.
Well-executed payments modernization project improves customer satisfaction and increases margins. Learn about the planning, processes, and partnerships needed to achieve this.
Strong partnerships deliver results in payments. As banks modernize systems, they seek relationships built on partnership, not just traditional customer-supplier dynamics.
Banks need to integrate real-time payments into the latest payment solutions to meet consumer demand for flexible mobile payments and offer a transparent multi-channel experience.
Once banks move away from channel-centric approach that stifles innovation, they'll offer dynamic digital ecosystems that match customers' need for "always on" solutions.
Banks dealing with new payment types and digital currencies need agile, secure, and reusable platforms to gain a competitive edge and increase profitability.
Doing nothing isn't ideal, but a Big Bang approach is risky. A phased, agile approach to updating payment platforms reduces risk and allows banks to update systems step-by-step.
Security approaches to meet today's demands are not black & white. FIs need to explore advanced security strategies to maintain consumer trust & resilience against cyber threats.
“Instant payments.” A term talked about for years, but in practice (excluding cash) it's less than a decade old. What does it mean & why is it important in the payment space?