Payments Market Infrastructure
Payments providers can lay the base for open, efficient and secure systems that enable innovative payments experiences.
We support banks and operators in simplifying and integrating payments systems toward open and agile frameworks.
With insight-backed tools, we help strategize on vision, investment priorities, technology, project alignment, timing and ecosystem collaborations.
Our people and methods assist in plotting out smart IT paths to lay the foundation for modern payments infrastructures and growth.
This involves the build, test and run of new and efficient digital-backed payments services that generate revenue.
Banks face an imminent need to upgrade their payments infrastructure. What’s compelling it? Rising end-user expectations, alternative payment networks and evolving developments such as the UK’s New Payments Architecture, RTGS renewal for higher-value payments and increased adoption of the ISO 20022 standard, typically driven by governments, central banks, regulators or banks’ networks.
Compelled as they are by competitive and disruptive forces, it would be shrewd for banks to take this opportunity to build payments platforms that are grounded in the future. Infusing innovations—like cloud, digital currency, biometric authentication and AI—into these platforms will enable modern, compliant, more secure payments that meet buyers’ expectations.
We assist banks in modernizing their payments platforms. By going higher and doing more, they can create efficient clearing and settlement systems that enable open, innovative and secure payments experiences.
New Accenture research highlights how payments leaders outgrow the competition in the face of disruption and evolving customer needs.