Infinant | Grow Your Bank’s Post

🚀 The Three Pillars of #innovation in #payments 🚀 In the dynamic landscape of financial technology, innovations in payments are steering the industry towards unprecedented efficiency and user experience. Understanding these changes requires a breakdown into three pivotal pillars, each contributing to the evolution of payment ecosystems. 💳 Pillar I: Account-Service Linkages Innovation kicks off with a reimagination of the connections between payment services and user accounts. This pillar delves into the fundamental changes in how accounts are linked to payment services. Whether it's the advent of #blockchaintechnology or the integration of #biometric authentication, the quest for seamless, secure, and efficient linkages is transforming the very foundation of payment systems. 💻 Pillar II: Transaction Processing Systems At the core of payment evolution lies the transformation of transaction processing systems. This pillar explores the technological advancements and structural changes in the systems that facilitate payment transactions. From the rise of real-time processing to the integration of artificial intelligence, these innovations are not merely enhancing speed but reshaping the entire architecture of payment processing, ensuring scalability and adaptability in an ever-changing financial landscape. 🤖 Pillar III: Consumer Interaction and Business Models The third pillar revolves around the pivotal shifts in consumer interaction with payments and the evolving business models of payment service providers. As user expectations continue to evolve, so do the methods of interaction. From the rise of mobile #wallets to the exploration of subscription-based models, payment service providers are redefining their strategies to align with changing consumer behaviors, creating a symbiotic relationship that fosters innovation and customer satisfaction. The transformative journey of payments can be comprehended through these three interconnected pillars. As we witness the continual evolution of account-service linkages, transaction processing systems, and consumer-business dynamics, it becomes evident that the future of payments is not just about transactions but about crafting experiences that seamlessly integrate into the fabric of our digital lives. Source : The World Bank Report "Innovation in Payments: Opportunities and Challenges for EMDEs " Stay tuned for the next wave of innovations that will shape the future of finance! 💡🌐 #PaymentsInnovation #FintechRevolution #DigitalTransformation

🚀 Exciting news in the SaaS space! Digital Onboarding just secured a whopping $58M from Volition Capital to revolutionize the banking sector. 🏦 Their cutting-edge engagement platform is poised to transform how financial institutions interact with clients by replacing outdated paper processes with sleek, digital journeys. With 140+ customers and a tech-forward roadmap featuring machine learning and embedded fintech—Digital Onboarding is one to watch! Dive into my blog post to see how this game-changer is reshaping digital banking. #SaaS #Fintech #DigitalTransformation #BankingInnovation #StartupGrowth 💼🌐

Launching October 24, Zafin Integrate & Orchestrate (IO) is a foundational technology platform that accelerates integration between a Bank’s ecosystem and Zafin’s cloud-native SaaS. Enhance integration between your bank and Zafin's SaaS for quicker development, reduced modernization risks, and faster implementation. Enable a parallel approach to core modernization alongside business transformation, swiftly delivering value to your customers. #zafin #financialservices #fintech #coremodernization #bankingindustry #banking #customerexperience #Money2020USA #zafinIO #productlaunch

#Money2020Asia: A recap of the fireside chat sessions that took place on Day 1 and 2 at the audax booth, featuring speakers from Amazon Web Services (AWS), Synpulse, Thought Machine and Paymentology. Speaking with our Chief Product & Commercial Officer, Sachin Rajat Sharma on Day 1, Niall Reilly highlighted the significant opportunities for new business models in banking, emphasising the transformative role of cloud-based technologies, particularly those offered by AWS, and their potential for financial institutions. During the session with Daniel B., he delved into various topics such as the current state of virtual banking in Thailand and strategies for banks to enhance their digital ecosystem and navigate the integration of new technologies to maintain a competitive edge. On Day 2, Jyotin Lad joined our Head of Commercial, Mike Breen to discuss the collaborative partnership between audax and Thought Machine, aimed at enhancing digital banking services and unlocking advantages for banks. Lastly, during the session with David Smith, he explored the evolving landscape of Cards-as-a-Service (#CaaS), focusing on how the innovation facilitates the breakdown of traditional barriers in financial services, the challenges faced by businesses adopting CaaS, and how Paymentology can assist in ensuring seamless operation and user experience. A big thank you to all our speakers! Money20/20 #audax #pushfrontiers #DigitalBanking #EmbeddedFinance #BankingasaService #FinTech #yeswecanlah

🌎 Financial institutions worldwide are looking to accelerate their payments modernization journey to elevate customer experience. Discover how Finastra and Red Hat are empowering banks with a next-gen hybrid cloud-native payment solution that helps them navigate the challenges of digital payments and future-proof payments technology while maintaining a competitive position in the market. 🙌 Learn more in our solution paper here 👉 https://okt.to/ZoOHlE

𝐓𝐡𝐞 𝐄𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧 𝐨𝐟 𝐏𝐚𝐲𝐦𝐞𝐧𝐭 𝐀𝐏𝐈𝐬: 𝐫𝐞𝐯𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐢𝐬𝐢𝐧𝐠 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬. In today's dynamic financial landscape, #Payment #APIs have become game-changers, redefining how businesses operate. Understanding this evolution is paramount as it drives seamless and secure transactions across diverse digital platforms, with #Payconiq leading the charge. Let's dive deeper into how Payment APIs are transforming the way we do business and navigate the ever-evolving world of finance. 👁 Read our latest article  https://lnkd.in/gXeUSTqc #Payment #APIs #Fintech #WeArePayconiq #Innovation 

Embedded finance is fundamentally changing the way financial services are discovered, purchased, and used. Banks are now shifting to embedding their products in third-party user experiences, making them more accessible and transparent. Here are my key takeaways : 🔶 Financial institutions are innovating new ways to embed their products in third-party digital platforms for better customer experiences. 🔶 Early adopters of are already in the market with embedded products, predominantly based on lending. 🔶 The flexibility to integrate these products into third-party user experiences and maintaining control to ensure customer safety is a key factor for success. 🔶 Weavr’s Embedded Finance Cloud provides a platform for banks to create, manage, and scale their finance programs safely and efficiently. 🔶 Weavr's technology stack has been trusted and backed by major investors, leading to an impressive growth trajectory. 🔶 Embedded Finance Cloud also allows banking teams to collaborate and build partnerships, further fueling growth and expansion in new markets. #Finance #Banking #DigitalTransformation #EmbeddedFinance #Fintech #Weavr #FinanceTech

I found the report on embedded finance adoption created by Weavr.io to be very interesting. Although the research focused on the UK 🇬🇧 market, I believe its findings can be extrapolated to the rest of Europe 🇪🇺 . Embedded banking presents a significant opportunity for both banks and non-financial companies (embedders). However, based on the report, I can't help but wonder how long it will take for widespread adoption. After reading the report, I got the impression that most banks are still in the early stages of this journey. Of course, there are numerous successful examples, with Apple and Goldman Sachs being the most well-known ones. I personally am aware of a few excellent examples of both providers and embedders. However, it is worth noting that this concept was widely introduced by Angela Strange from Andreessen Horowitz over 3.5 years ago. Therefore, we must acknowledge that this journey is still not as significant as initially anticipated. ❓ And what are your thoughts on this topic? ❓ Perhaps the actual situation is even better than what is presented in this report? #embeddedfinance #baas #bankingasaservice #fintech #financetransformation #banking

🌍 Global financial institutions are eager to speed up their payments modernization journey to enhance customer satisfaction. Unveil the dynamic collaboration between Finastra and Red Hat, revolutionizing the banking industry with a cutting-edge hybrid cloud payment solution. 🚀 This innovative technology empowers banks to conquer the complexities of digital payments and stay ahead in the game. 💪 Discover more in our intriguing solution paper here: 👉 https://okt.to/35ADYu

Payment Orchestration is predicted to be the top payment trend this year. But what exactly is it and why does it matter? Behind every payment are countless moving parts coordinating to make transactions happen seamlessly. Payment Orchestration is the connective technology that brings harmony to this complex process. We are thrilled that CellPoint Digital has been noted as one of the leading innovators in this space by IBS Intelligence. Read their insightful new post to learn how payment orchestration enables merchants to adapt, personalise, and thrive in the digital landscape. https://lnkd.in/e4GFv4Dk #PaymentOrchestration