Webinar

Future-ready payments: Increasing competitiveness with reusable technology

Join us on-demand as our panel of industry experts explore the benefits of an agile, secure, and reusable payments platform.

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The foundational architecture of payments platforms designed for a world of card payments has become incompatible with today’s intricate payments universe. As a host of new schemes with digital at their core emerge, legacy payment systems are struggling to expand beyond their original use-case.

With mobile and contactless payments, Quick Response (QR) codes, digital currencies, Request To Pay (R2P), Real-Time Payments (RTP) and Peer To Peer (P2P) payment applications taking off, banks are having to build separate in-house silos to process these new payment types. Given a plethora of dedicated systems are already in place to process cash, cheques, cards, automated clearing house (ACH), mobile and P2P payments, this is a complex undertaking.

There are considerable operational costs that come with running multiple payments processing silos, as well as hefty labour costs associated with maintaining legacy technologies – all of which detract from the potential profits of new schemes. Not only will these costs continue to increase, but time to market for adding new services could be prohibitive – thus decreasing the value of participation in new payment schemes.

Forward-looking institutions are opting for modern payments platforms that have the capacity to consolidate their single-use platforms and facilitate the easy adoption of new payment services.

As the payments race heats up – and banks wrestle with the emergence of new payment types, and digital currencies – those with the most agile, secure, and reusable platform will be rewarded with a strong competitive edge and increased profitability.

This Finextra webinar, in association with Diebold Nixdorf, will cover:

  • How is the emergence of new payments schemes impacting the ecosystem?
  • How do costs and complexities around running current multiple in-house payments silos impact innovation and transformation?
  • How does reusable technology assist in the delivery of new services?
  • What are the features and benefits of migrating to a cloud-based payments platform?

Speakers:

  • Jane Cooper - Researcher, Finextra [Moderator]
  • Rod Bungey - Director, Diebold Nixdorf
  • Varun Yadav - Global Innovation Program, Treasury Services, Digital Platform Office, BNY Mellon
  • Becky Clements - Director of Payments, UK Finance

Speakers

  • Jane Cooper

    Jane Cooper

    Researcher, Finextra [Moderator]

  • Rod Bungey

    Rod Bungey

    Direector, Diebold Nixdorf

  • Varun Yadav

    Varun Yadav

    Global Innovation Program, Treasury Services, Digital Platform Office, BNY Mellon

  • Becky Clements

    Becky Clements

    Director of Payments, UK Finance

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