Reducing IT complexity and cutting costs are the biggest challenges facing transaction bankers, according to a survey conducted by Finextra on behalf of Misys.
- A full 34% of those cite 'increasing IT and system complexity' as the major challenge facing their bank's transaction banking group, while 33% view 'increasing regulation' as their over-riding concern
- A move towards the creation of centralised payment hubs was evident, with 45% of respondents describing their own infrastructure as consisting of 'multiple core processing systems'. Reflecting this, a top priority for 35% of banks was the introduction of a 'simplified process for making changes to payments standards and rules across all systems'.
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