Payments, Fintech

5 Key Challenges in Payments Modernization

September 30, 2022

5 Key Challenges in Payments Modernization
The pandemic caused lasting changes in consumer behavior, and the financial industry must adapt to the rapidly-evolving market. Stay-at-home orders caused many to shift to digital transactions, and these new habits have dramatically accelerated the need for payments systems modernization at financial institutions of all sizes. Legacy financial systems are ill-equipped to handle the rising volume of payments. Cyber fraud concerns have also increased as fraudsters around the globe developed sophisticated new ways to exploit financial systems, at a time when many institutions are still facing staffing shortages. Combined, these factors have made modernization of payments systems a top priority. “The dialogue in the U.S. payments ecosystem has irreversibly shifted toward offering increased speed, more choices, and simpler ways of sending and receiving payments," according to a 2022 Federal Reserve report.

Spotlight

Sinhaputhra Finance PLC

Sinhaputhra Finance PLC commenced business in 1979. Its main lines of business at commencement were Hire Purchase Finance and Deposit Mobilization. The Company grew over the years and today it carries a broad-based business portfolio. Mission To be the most secure and stable Finance Company in the sphere of our influences.

OTHER WHITEPAPERS
news image

3 ways fintech impacts customer centricity in banking & finance

whitePaper | October 9, 2022

Fintech has emerged as one of the most widely used if not poorly defined buzzwords in the finance industry over the past few years. Fintech players are becoming an increasingly important part of the financial services ecosystem, with leading banks scrambling to leverage technological advances by partnering with or acquiring fintech start-ups, to strengthen customer relationships and build scalable networks.

Read More
news image

RAPID GROWTH ATTRACTS SMART CAPITAL

whitePaper | October 1, 2022

Africa has enjoyed an earlymover’s position in the application of fintech in effecting financial inclusion and economic transformation. The success of the continent’s mobile money revolution caught the world’s attention over a decade ago, bringing into sharp focus the potential inherent in the combination of finance and technology – with innovation and empathy.

Read More
news image

MMceoblog0808

whitePaper | May 6, 2020

https://media7.io/Publisher/add-resourceshttps://media7.io/Publisher/add-resourceshttps://media7.io/Publisher/add-resourceshttps://media7.io/Publisher/add-resourceshttps://media7.io/Publisher/add-resourceshttps://media7.io/Publisher/add-resourceshttps://media7.io/Publisher/add-resourceshttps://media7.io/Publisher/add-resourceshttps://media7.io/Publisher/add-resources

Read More
news image

Notable Whitepaper

whitePaper | October 3, 2022

NOTABLEWhitepaperPeople are valuable. We’ve always known that, but the current digital and social media revolution is making it clear that qualities like influence, leadership and prettiness can be valued and monetized, both for individuals and for businesses. Just think about the influencer market, that has amassed a gross value of 13$ Billion in 2021. On the other hand, blockchain technology (and digital tokens, or NFTs) is opening the world to new investment possibilities. Now people and institutions can easily invest in almost any asset class, with the same simplicity of browsing the web.

Read More
news image

How Digital is Driving Payments in 2020 and Beyond

whitePaper | March 18, 2022

Digital Transformation has dominated business discussions over the past few years, but the significance seems to have multiplied recently, given that companies are rethinking ways which they must meet their customers’ changing needs. Engaging with a businesses’ services and offerings has increased drastically and there is a plethora of options customers choose.

Read More
news image

Key considerations when building a digital bank

whitePaper | February 1, 2023

Digitization is more than just using digital technologies. As technology and customer expectations evolved, banks squeezed new systems into their existing infrastructures. The result was a complex set of barely connected systems. To make matters worse, many banks’ IT landscapes have become fragile, inflexible, and expensive to operate. If the use of digital technologies doesn’t make a bank TRULY DIGITAL, what does? There are several steps that must be considered before choosing the right tools to build the solution you need to create your banks’ digital future. Download this white paper to learn more.

Read More

Spotlight

Sinhaputhra Finance PLC

Sinhaputhra Finance PLC commenced business in 1979. Its main lines of business at commencement were Hire Purchase Finance and Deposit Mobilization. The Company grew over the years and today it carries a broad-based business portfolio. Mission To be the most secure and stable Finance Company in the sphere of our influences.

Events