Banking payments moving to the next level
31 October 2017
According to CapGemini’s recent report on the global payments industry, technology, demographics and regulatory dynamics are shaping the requirements. The client front-end keeps evolving to achieve a higher degree of user experience through innovation, however back-end operations need a further enhancement as well. Digital payments, APIs, cross-border payments and alternative service providers are shaking up the market.
These trends are positively impacting on competition, innovation and system-related efficiencies. New players along with PSD II initiatives and open banking aim to “open up the market to third-party providers” leading to implement fool-proof systems for security protection.
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