Banking Insights

November 14, 2022  |  by Michael Engel

The fintech and alternative payment methods (APM) market is now booming. While this is shaking up the competitive landscape, it’s not necessarily bad news for banks. They are now actively seeking partnership with fintechs to bring extended solutions and services to their ecosystem.

September 19, 2022  |  by Louise Coles

Whether it’s implementing a seamless backend infrastructure to handle payments more simply, or enabling the latest tap and go payment solutions through digital innovation, it is imperative for banks to stay ahead of the curve in order to satisfy today’s consumer demands.

August 22, 2022  |  by Michael Engel

There is a case for payments migration. However, there are obstacles that come with it. In this blog we outline a comprehensive list of key “gotchas” in payments migration, challenges that can impede migration efforts, and advice on how to avoid them.

May 23, 2022  |  by Michael Engel

Strong partnerships deliver strong results across every sector, and the payments arena is no exception. As banks move to modernize existing payment systems, they no longer want a traditional customer-supplier relationship, but one built on partnership.

March 07, 2022  |  by Diebold Nixdorf

Banks must be able to integrate the latest payment solutions, including real-time payments, into a single ecosystem in order to respond to new uses among consumers, who are eager to adopt flexible mobile payment methods, and offer them a transparent multi-channel experience.

February 07, 2022  |  by Michael Engel

Once banks break from the traditional, channel-centric approach that often stifles innovation, they'll be able to offer dynamic digital ecosystems that match customers' need for the "always on" solution.

January 10, 2022  |  by Diebold Nixdorf

Doing nothing isn't the way to go, but a Big Bang approach is risky and expensive. A phased, agile approach to updating payments platforms is less risky and allows banks to ramp up legacy systems step-by-step, channel by channel, and transaction by transaction.

December 06, 2021  |  by Diebold Nixdorf

The “instant coffee” phenomenon revolutionized the retail industry, embedding your payment in the ordering process. As instant payments, loyalty cards and other alternative methods gain popularity, are you prepared to process those payments types?

October 28, 2021  |  by Diebold Nixdorf

“Instant payments.” It’s a term that’s been talked about for years, but in practice (if you exclude the use of cash) it’s less than a decade old. So, what does it really mean? And why is it so important in today’s payments space?

September 13, 2021  |  by Rod Bungey

The increased competition from fintechs has forced financial institutions (FIs) to innovate, improve their offerings and their customer service, and in some cases lower their costs. Open banking will continue to change how consumers view their banking options, providing opportunities and posing challenges to FIs, merchants and card processors.