The payments industry is undergoing unprecedented changes due to new technologies, regulations, and customer expectations. These changes create new opportunities and challenges for banks.
83% of banks believe that the pace of change will increase further. The obvious solution to survive and thrive is to modernize.
But while payments modernization is one of the top priorities for banks, it is also both complex and costly. So, while banks often can’t afford to modernize, they can’t afford not to. Lagging behind means risking competitiveness and potentially the ability to operate. Setbacks will only grow as modernization is deferred.
This pressing dilemma is tackled in a new report by Celent entitled “The imperative for payments modernization,” which explores:
- Why payments modernization is critical for a bank’s success and survival.
- How to modernize payments with a payments hub that can process any payment type over a single, scalable platform.
- Who banks can count on to guide them throughout their payments modernization journey.
Discover how to kickstart payments modernization and enable opportunities and agility.