Global Digital-Payment Market Challenge

Updated time: Aug 20, 2020 , 11:23 (UTC+03:00)

The Challenge You Face Today – efficient payment service integration

The current revolution in the payments market is generating a great deal of change within the processing environments of banks and corporates. New digital channel platforms are changing the way banks engage with their retail and corporate customers. Organizations are enabling their internal environments by either evolving the processing capabilities of their existing core banking or ERP systems in the short term, or by taking the more radical, long-term route of implementing new, dedicated payment service hubs to centralize, standardize, and modernize their payment processing capabilities.

Each of these initiatives face the same fundamental challenge of efficiently integrating and maintaining the flow of data to and from these systems in a world of constantly changing message formats, validations, and business requirements.

Organizations require integration tooling that will give them the agility they need to make changes quickly, the reliability required to ensure market compliance, and the efficiency required to reduce time to market, and thus time to revenue, for new payment services.

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