With the recent developments in modernizing infrastructures and digital evolution of payments with the PSD2 and open banking, data has become a crucial element in the payments industry. ISO 20022 migration now presents opportunities for payment innovations that take advantage of this digital evolution in data processing that has been evolving over decades.
We’ve all heard about The Great Resignation currently sweeping America’s workforce. Statistics recently released by the U.S. Bureau of Labor revealed a record-setting 4.5 million people voluntarily left their jobs in November 2021, and the wave of resignations isn’t expected to slow down anytime soon.
Real-time payments are clearly the future of digital spending -- but how should banks choose which networks to support and whether to support multiple networks?
Generating greater ROI and revenue from ISO 20022 requires new approaches to thinking about implementation strategy beyond compliance. One such approach is Systems Thinking, a strategic thinking competency adopting a holistic approach to problem solving, focusing on the way system parts inter-relate and work within the larger system.
Reimagining banking technology starts at the core. As the number of real time payments is poised to triple this year, the demand for easily upgradeable, rock-solid systems without interruptions is growing.
Faster and near-real-time payments are rapidly becoming the worldwide norm. While payments are gaining in speed and reliability, there remains an important distinction between “faster” and “real-time” payments. Yet, both stand out in having unique use cases.
The accelerating change in the payments landscape is disrupting traditional banking service delivery models. Real-time intraday liquidity management is now a “must-have” capability, both for internal operations and customer-facing offerings.
Everyone reading this is aware of the profound impact of coronavirus on both the general public and businesses around the world – but what can we in the payments industry do to meet the changing needs of our post-COVID world?
If this prediction is borne out, it will be the fastest increase in RTP membership in the history of the network.
How Volante is delivering the means for financial institutions to create high-impact outcomes.
A Q&A discussion on the evolution, adoption, and implementation of real-time payments.
Consumers and businesses are struggling to get holistic, hassle-free customer experiences from their banking providers. What is preventing financial institutions from evolving in the direction their customers want?
