PaymentsJournal’s Post

Two of the most common business payment themes on the minds of chief financial officers are how to solve for fragmented technology and how to integrate fragmented processes. “Generally speaking, corporates believe there are smarter ways of solving for business payments than the technology that’s accessible to them provides,” James Richardson, Head of Global Product Solutions at Bottomline said. “They’re rationalizing their vendor relationships and looking for more meaningful strategic partnerships to help them streamline business payments.” Read more: https://ow.ly/Z9pN50SuBn6 #payments #CFO #fraud #modernization #technology

🚀 Exciting News: Our latest executive technology brief, "Faster Payments for Faster Times" is now live! Dive into the future of payments and gain valuable insights. Download your copy now: https://lnkd.in/gSh4DKa9 #FasterPayments #PaymentsInnovation

#Mastercard Realigns Organizational Structure, Adds ‘#Data and #AI’ Group #financialservices #banking #payments #fintech #digitaltransformation https://lnkd.in/eGcHFNuB

Amid the ongoing digital revolution and shifting customer preferences, embedded finance is reshaping the financial industry. Banking has transcended its traditional confines, forging innovative partnerships that prioritise convenience and accessibility. #banking #bankinginnovation #bankingsolutions #bankingtech #embeddedfinance #embeddedsoftware #payments #paymentsolutions #paymentsinnovation #paytech #fintech #fintechnews https://lnkd.in/ddqtTcAC

Are instant payments the future of banking? Staying ahead of the game is crucial and with faster payment options, financial institutions can gain a competitive edge. Research from @PYMNTS reveals that 7 in 10 consumers (70%) say faster payments drive greater satisfaction with their financial institutions. To make an impact with instant payments, it's essential to prioritize the right use cases for your institution's customer base, which this article explores in more detail: https://hubs.ly/Q027r-h10 #FasterPayments #Paytech

Businesses that want to up their game with Banking-as-a-Service solutions need to think about 3 things before getting started: 1. What is the customer need we want to solve?  2. What is our go-to-market and scaling strategy? 3. What aspects of banking regulations and compliance do we need help with? We also think it’s important to ask things like: 1. How does my business case look? 2. Can I consume BaaS as a turnkey solution with limited capital outlay? 3. Can I partner with an enabler that has the experience and expertise to help me simplify the complexities of playing in the regulated space The key takeaway is to look for providers (like DT) that are “able to offer a full end-to-end service – technology, banking license and regulatory and compliance expertise – to help strategize, implement and scale your BaaS solutions”, according to fintech expert Jean-Jacques Le Bon who wrote about the topic in Fintech Nexus. https://lnkd.in/geYUtU4i. Have you given thought to these considerations? We’re here if you need help. #bankingasaservice #directtransact #bankingcompliance #bankingservices #fintech #fintechinnovation

I’ve said it many times. Faster payments will not be adopted by businesses in large measure until payments providers offer solutions and not just a new payments rail. “Financial institutions see corporations as a driver of instant payment revenue, but adopting the technology comes with major hurdles, a new survey finds.” https://buff.ly/4cs1Jqh #Payments #PayTech #FinTech #FinServ #Banking

Evidence of just how much of a strong, innovative movement this has been - a recent study has revealed that 1 in 3 nations are now actively embracing #OpenBanking. The perks are clear and simple, it provides better accessibility to customers and greater control over finances, whilst also streamlining processes for businesses. The world is still catching up to meet the demands of a rapidly evolving world, but this is an inspiring start. #Banking #Finance

Banks and #CreditUnions investing in #InstantPayment technologies need to drive adoption. Here are three approaches to do that: https://buff.ly/3RgJtHy #technology #innovation #CustomerService #banking

NEW BLOG! 🖋️ The payments industry is faced with several challenges that have been building over the last decade. One of the most critical amongst these challenges is the need to acquire and retain talent with the specialised skills demanded by the ever-evolving payments landscape. Going into 2024, find out what are the trends to watch. Read the full blog here 👉 https://lnkd.in/enpYcmSb #payments #paymentsskill #paymentsjobs