Payments as a Service:
A fast track to payments modernization
Accelerate your financial operations with scalable, cloud-native solutions designed to optimize global payments and reduce costs.
What is the Payments as a Service insight report?
The “Payments as a Service: The Fast Track to Payments Modernization” insight report, sponsored by Volante Technologies, examines how Payments as a Service (PaaS) is revolutionizing the payments landscape for financial institutions globally. This comprehensive report explores the evolution of PaaS, the challenges and opportunities it presents, and how financial institutions can leverage it to modernize their payment infrastructures.
This paper delves into how financial institutions are transitioning from legacy payment systems to cloud-native, scalable PaaS solutions that simplify operations, reduce costs, and meet regulatory requirements in an increasingly complex global marketplace.
Key takeaways
- Evolution of PaaS: Discover how payment systems have transformed from isolated platforms to scalable cloud-native solutions.
- Adapting for success: Learn about the key trends driving PaaS adoption and how financial institutions are capitalizing on their capabilities to thrive in commercial payments.
- PaaS and ISO 20022: Understand the role of ISO 20022 in enhancing payment efficiency, compliance, and transparency through standardized data structures.
- Revenue opportunities: Explore how PaaS enables financial institutions to unlock new revenue streams through cross-border transactions, fraud prevention, and advanced analytics.
Top 3 operational benefits of Volante’s PaaS solution that payments leaders care about:
1. Scalability and efficiency: Payments as a Service (PaaS) has evolved to meet the demand for higher scalability and efficiency, reducing operational costs for financial businesses by leveraging cloud-native, microservices-based architectures.
2. Global reach: PaaS platforms support more than 100 global clearing systems and payment types, including domestic and cross-border payments, enabling institutions to handle real-time, instant, and bulk payments efficiently.
3. Cross-border and real-time payments: PaaS streamlines cross-border transactions, supports real-time payments, and integrates solutions like The Clearing House RTP, FedNow, and SEPA Instant, empowering financial businesses to offer global payment services.
Get on the “Fast Track” to Payments Modernization
This insight report, produced by Javelin Research & Strategy in combination with Volante Technologies, is designed for financial institutions, payment service providers, FinTechs, and businesses seeking to enhance their payment processing capabilities. It provides insights into the factors driving the adoption of PaaS and offers practical guidance on how businesses can harness PaaS technology to future-proof their payment systems, meet client expectations, and stay compliant with evolving regulations.
