This IDC PeerScape delves into the challenges around bank payment platforms and the practices to optimize payment modernization."Banks around the world, despite different regulatory regimes, different rails, and different customers, face many of the same challenges," according to Aaron Press, research director, Worldwide Payment Strategies at IDC. "We see a clear trend among these banks to look at payments as a catalyst to modernize the way they do business across the board."
IDC PeerScape Figure
Executive Summary
Peer Insights
Practice 1: Banks Rarely "Rip and Replace" Payment Systems
Challenge
Example
Guidance
Practice 2: Cloud-Based Processing Platforms Can Offer Faster Implementation Times and Dynamic Capacity
Challenge
Example
Guidance
Practice 3: Modern Payment Platforms Offer Highly Modular Designs That Can Be Modified, Updated, and Extended with Less Coding and Customization
Challenge
Example
Guidance
Practice 4: Coordinate Technology Strategies Beyond Basic Integration to Include Infrastructure, Delivery Platforms, and Data Sharing
Challenge
Example
Guidance
Related Research
Related Research
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook