How to keep pace with payments innovation

• What are the biggest challenges faced by PSPs today? 
• How can banks stay abreast of regulatory and technological change? 
• In what ways can AI expedite the modernisation process? 

The payments landscape has never been so dynamic. To stay in the race, banks large and small must find ways to continually modernise their offerings. 

Yet with legacy systems, slim budgets, and tight compliance deadlines, it’s harder than ever before. 

83% of modernisation projects exceed budget, 87% overrun – often leading to payments outages – and many simply fail to deliver on what was promised, according to RedCompass Labs’ research. 

So, why does this keep happening? There are four key reasons: 

1. Regulatory and technological change is relentless; 
2. Payments expertise is in short supply; 
3. Small banks, in particular, lack the necessary resources; and 
4. A gap exists between banks’ goals and what is delivered by their platforms. 

So, how can banks do more with the resources they have? And how can they scale in-house payments expertise to truly keep pace with innovation? 

To meet the needs of today’s end-users, these questions must be answered. 

Sign up for this Finextra webinar, hosted in association with RedCompass Labs, to hear our panel of experts discuss how new tools, smarter metrics, and a fresh approach to payments modernisation can help banks stay ahead of the curve.