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Source: EIU, Oracle

A full 63% of bankers say they have completed or plan to complete upgrades to their payments systems and 70% of those bankers say their aim is to reduce payments processing costs, according to a global survey of 100 bankers by the Economist Intelligence Unit.

The survey, conducted in March and April in co–operation with Oracle, asked bankers about their payments processes and strategies, and their plans, if any, to upgrade or re–engineer their payments infrastructure.

The paper includes interviews with top payments experts at banks and case studies of bank re-engineering projects.

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