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Banks that reinvent their payment systems can achieve high performance by enabling more competitive and customer-centric operations. Simplification and industrialization are critical considerations.
By replacing legacy payment systems and operations, financial institutions can create the flexibility and efficiency required to adapt to changes in the market. Payment renewal requires up-front strategy, operating model design and architecture, as well as execution abilities.
For financial institutions seeking to renew their payment systems, Accenture believes that five areas are of most importance:
Financial institutions that seek to renew their payment systems can benefit from working with an experienced partner who can mitigate execution risks, and deliver business benefits on time and within budget.Listen to the podcast: Banking on Growth: Payments Services
Read the Bank Systems and Technology article: Better Late than NeverRead the American Banker article: Adapting to the New Payments EnvironmentReturn to Payment Services
When it comes to payments, there is no room for downtime. Accenture Payment Services has extensive experience managing, delivering and testing complex payment programs—including repeatability and testing with external infrastructure, which are important factors for industrialized systems.
Accenture helps our clients identify, develop and implement payment architecture that can support products, payments, operations and core banking systems, including multiple geographies and channels. As a vendor-independent, trusted advisor in payment product selection, we have broad experience with most leading payment solutions, such as Clear2Pay, Fundtech and SAP, as well as middleware and custom solutions based on Java, Microsoft and IBM technologies.Accenture’s global delivery capabilities and application outsourcing expertise can reduce IT costs, improve quality of service and deliver scalable solutions. Our clients can learn about the latest thought leadership in payment trends and technology at the Accenture Payments Innovation Showcase in Sophia Antipolis, France.
Contact us to learn how Accenture can help you renew your payment systems.
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