Fast, secure, compliant: How to deliver next generation payments now
In today's dynamic payments landscape, financial institutions and established providers alike are facing unprecedented challenges. The rise of digital-only providers, evolving payment methods like buy-now-pay-later, and the constant demand for seamless customer experiences are reshaping the industry.
Staying ahead of the competition requires more than just keeping up with the latest trends – it demands a strategic approach to modernization and digitalization that enables the business to quickly adapt to new payment types, while delivering the digital services customers expect.
In this paper, we examine the ongoing shifts and challenges in the payments industry, including the acceleration of digital banking, increasing competition, strain on payment platforms, and the need for speed and compliance.
We also delve into six key objectives of digital payments strategy and showcase how Infosys, in collaboration with Finastra, offers a future-proof solution to transform payments systems, optimize operations, enhance customer experience, ensure regulatory compliance, foster collaboration, and enable cloud adoption.