Real-world Examples Illustrate How Cloud Becomes a Payments Catalyst

With the pandemic stimulating robust growth in global online payments, it is now imperative for the banking industry to modernize their technologies and capabilities. To address critical pain points such as redundancy in payments options and higher integration costs, banks need to seek capabilities such as consolidation of payments, development of simplified payment capabilities and implementation of data use cases, that require high capital investments.

In this article, experts from Infosys & Amazon Web Services (AWS) talk about cloud as a viable solution empowering enterprise to launch Payments-as-a-Service without incurring capital expenditure and achieve stellar business outcomes. They also highlight why it is imperative to implement a data lake on the cloud, combined with AI/ML capabilities and payments data storage in a secure public cloud such as AWS.

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Authors –

• Chandra Nandakumar, Associate Vice President & Senior Delivery Director, CIS Cloud Practice, Infosys
• Taiji Saotome, Sr. Solutions Architect, Financial Services sector lead for Infosys-AWS alliance, AWS