Polaris Financial Technology Limited's Global Transaction Banking division (iGTB), provider of the world's first complete Global Transaction Banking platform, today announced the launch of its Payments Hub solution at Sibos 2013 in Dubai.
The common theme of my conversations at Sibos was that in a period of recession and credit crunch the increasingly complex and costly support services within banks to serve their corporate clients are prime candidates for cost reduction and simplification.
Since one of a corporation’s most critical processes is payments, banks are helping their corporate clients by focusing on streamlining payments processes.
The jury is still out to decide whether banks will still buld in-house or seek for external technology platforms.
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© Finextra Research 2013