As the financial industry rapidly evolves, Lakeside recognized the need to upgrade its legacy payment systems to stay competitive. The existing infrastructure was not equipped to handle the increasing demand for real-time payments, seamless integration with emerging payment networks, or the agility required to adapt to new technologies and regulatory standards.
Payment systems are in the middle of a transition that touches all aspects of a bank’s payment operations. This article explores what we call "Payment 3.0" and offers practical guidance for organizations navigating this shift – a transformation that's already well underway.
The Middle East banking sector is undergoing a transformation, driven by advancements in technology, regulatory mandates, and changing customer expectations. Financial institutions must modernize their payment infrastructure to remain competitive in an increasingly digital world.
Swiss financial institutions have long been at the forefront of innovation in the payments and messaging space. However, the need to modernize their fragmented and aging infrastructure to comply with ISO 20022 presented a critical challenge.
In a recent episode of Volante Elevate, we spoke with Dan Pilling, Executive Advisor in Payments and former CIO of Barclays, about the challenges and opportunities in payments technology modernization. This blog provides insights into how banks can approach the build versus buy decision in payments technology.
Payments Modernization 3.0, a revolutionary approach that promises to reshape the industry, isn't just an upgrade; it's a complete reimagining of how financial institutions handle transactions.
Nordic banks continue to prioritize the deployment of new technologies and boast unparalleled confidence in real-time payment capabilities, upholding the region’s reputation as a hub for financial services innovation.
Impulsada por la creciente demanda de pagos digitales y pagos en tiempo real, América Latina está experimentando una transformación significativa en la manera en que se realizan las transacciones financieras.
We explore what The Big Survey 2024 reveals about how Benelux banks approach payments modernization, highlighting both strengths and weaknesses related to everything from ISO 20022 readiness and infrastructure to relative speed to market and budgeting allocations.
The United Kingdom's financial services industry continues on a rapid, albeit challenging path of significant transformation. In this blog, we’ll explore some key findings related to payments modernization in the UK.
In the Middle East, known for its dynamic economic landscape, changing customer habits with a fluid population base, and directions from the regulatory authorities towards digitalization, the modernization of payment systems presents both challenges and opportunities.
Examining key trends impacting the US market, including the recent launch of FedNow and the upcoming migration of Fedwire to the ISO 20022 standard.
