Exploring how technical debt impacts system performance, the evolving regulatory landscape, and modern approaches to building resilient payment systems that can adapt to future needs.
Swiss financial institutions have long been at the forefront of innovation in the payments and messaging space. However, the need to modernize their fragmented and aging infrastructure to comply with ISO 20022 presented a critical challenge.
In a recent episode of Volante Elevate, we spoke with Dan Pilling, Executive Advisor in Payments and former CIO of Barclays, about the challenges and opportunities in payments technology modernization. This blog provides insights into how banks can approach the build versus buy decision in payments technology.
Payments Modernization 3.0, a revolutionary approach that promises to reshape the industry, isn't just an upgrade; it's a complete reimagining of how financial institutions handle transactions.
Nordic banks continue to prioritize the deployment of new technologies and boast unparalleled confidence in real-time payment capabilities, upholding the region’s reputation as a hub for financial services innovation.
Impulsada por la creciente demanda de pagos digitales y pagos en tiempo real, América Latina está experimentando una transformación significativa en la manera en que se realizan las transacciones financieras.
We explore what The Big Survey 2024 reveals about how Benelux banks approach payments modernization, highlighting both strengths and weaknesses related to everything from ISO 20022 readiness and infrastructure to relative speed to market and budgeting allocations.
The United Kingdom's financial services industry continues on a rapid, albeit challenging path of significant transformation. In this blog, we’ll explore some key findings related to payments modernization in the UK.
In the Middle East, known for its dynamic economic landscape, changing customer habits with a fluid population base, and directions from the regulatory authorities towards digitalization, the modernization of payment systems presents both challenges and opportunities.
Examining key trends impacting the US market, including the recent launch of FedNow and the upcoming migration of Fedwire to the ISO 20022 standard.
The payments industry is undergoing a seismic shift, driven by the need to modernize aging infrastructures, meet evolving customer expectations, and comply with new regulatory requirements such as ISO 20022 and FedNow. Payments Modernization 2.0 presents both significant challenges and strategic opportunities for financial institutions.
As society becomes increasingly conscious of the myriad challenges facing our environment, we need to do a better job of communicating the increasing role of digital payments in promoting sustainability.
March 10, 2025 marks an important date in the journey toward modernizing legacy payment systems. This article will provide context behind Fedwire’s impending migration and explain what banks stand to gain from ISO 20022 compliance.
