Payments Modernisation:
Derisking and Embracing Innovation Beyond ‘Rip and Replace’
Watch this webinar to learn how financial institutions should prioritise the pre-validation and pre-processing for payments modernisation.
- What is embedded preprocessing?
- What are the benefits of embedded pre-processing for financial institutions?
- Why is pre-processing now so essential for the effective structure and format of financial messaging and routing?
- What impact does optionality around routing mean for financial institutions and their customers? How does this impact liquidity and their ability to provide better customer service and experience?
- Why do financial institutions need to consider the importance of de-risking their payments modernisation journey?
- Banks are facing a host of challenges for payments processing with the introduction of new regulations, standards (such as ISO 20022), and new payment rails. They therefore need to both manage the cost and prioritise the efficiency of straight through processing, while they adapt to these new requirements.
Pre-validation and pre-processing with steps toward ISO 20022 integration can help banks de-risk their modernisation roadmaps. By enriching existing payment processing flows, firms can benefit from immediate improvements through automation and reduction in routing errors, while isolating legacy frameworks to position themselves for a full transformation when the timing and cost is suitable for the institution.
Speakers:
- Carmen Podgurschi, Cross-Border Payments, Bank of New York Mellon
- Gilles Ubaghs, Strategic Advisor, Datos Insights
- Rajesh Gosain, Director, Payments Consulting, KPMG
- Anoop Basavarajaiah, Global Head of Payments, Volante Technologies
- Gary Wright, Head of Research, Finextra [Moderator]