Processing & Systems

Showing Latest Processing & Systems

More than half of banks say legacy systems are holding them back

28 Apr 25 @ 09:14

2024 research from IBS Intelligence claims more than half (55%) of banks feel legacy systems are a drag on performance – but only 32% feel they have addressed this problem[1].... read more

AI-enabled orchestration is the answer to legacy system headaches – here’s why

15 Apr 25 @ 16:06

A new white paper from RS2 says banks have suffered the effects of out-of-date legacy systems for too long. These negative effects include ineffective system performance, low innovation capacity, high... read more

Banks spending 70% of their IT budget maintaining legacy system

07 Apr 25 @ 13:13

Recent research from McKinsey & Co has highlighted the tech spending trap for banks[1]. Currently, banks spend up to 70 cents in every dollar maintaining legacy systems, meaning they are... read more

8 in 10 UK businesses plan to improve payments processes in 2025

19 Mar 25 @ 09:36

As businesses look to drive growth in 2025 amid a dynamic market environment, new research from American Express reveals about 8 in 10 (78%) are planning to improve their business... read more

A new era of payment processing: The rise of next-gen infrastructure

05 Mar 25 @ 13:30

A new era of payment processing is on its way, driven by a new generation of technology-first payment processors that are reimagining financial infrastructure from the ground up. These next-gen... read more

Core banking provision arrives at an existential crossroads

26 Feb 25 @ 11:56

The core banking software industry stands at a critical inflection point. Financial institutions, long constrained by legacy infrastructure, seek modern, scalable and cost-effective alternatives – this much we know. Simultaneously... read more

Finally: A payment solution that takes pressure off Procurement Managers

17 Feb 25 @ 12:25

There are times when any Procurement Manager might feel in need of a refreshing walk in the woods. On the one hand, your job requires you to accurately monitor the... read more

How microservices architecture is transforming real-time payments processing

05 Feb 25 @ 14:53

The financial industry is in the midst of a technological revolution, and real-time payments are at the forefront of this transformation. Legacy banks that once relied on monolithic architecture now... read more

Reviving correspondent banking: The key to cross-border payments

03 Dec 24 @ 14:27

As the global economy grows increasingly interconnected, cross-border payments have become a critical area of focus. Yet, as pointed out before by Payments Cards & Mobile, challenges such as high... read more

Onboarding: A real opportunity for all organisations

28 Nov 24 @ 20:08

Onboarding is a largely understated element in the noise around digitalisation. Financial providers themselves don’t tend to bemoan so-called abandonment rates in the same way as one hears about cart... read more

INGKA and Raiffeisen Bank International transform operations with new ERP system

27 Nov 24 @ 18:20

In the swiftly changing world of international commerce, the importance of forming strategic partnerships to ensure easy, secure and inclusive payments for all consumers has never been more crucial. Aiming... read more

UBS successfully pilots blockchain-based UBS Digital Cash

07 Nov 24 @ 17:11

UBS has made significant strides in transforming cross-border payments through its latest innovation, UBS Digital Cash. This blockchain-based payment solution aims to increase efficiency, transparency, and the programmability of corporate... read more

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ECB brings Central Bank money to tokenised market

23 Sep 26 @ 14:34

The European Central Bank has taken a significant step towards integrating distributed ledger technology with Europe’s core financial infrastructure, launchin... more

European E-commerce Hits €911bn as Payments Reshape Online Retail

21 Sep 26 @ 19:41

European e-commerce has broken through the €900bn barrier, underlining the growing importance of digital retail to the continent's economy while intensifying ... more

Inside A7: How Russia built a parallel cross-border payments network

24 Sep 26 @ 16:29

Russia’s attempts to circumvent Western financial sanctions have developed into a sophisticated parallel payments architecture combining traditional banking, ... more