How European banks should future proof their payments platforms
Institutions have a short window to get ahead of market, technological and regulatory changes
This podcast is part of the After Hours by RedCompass Labs series.
Where the best and brightest in the financial services industry tell what they really think about payments.
The cost-saving effect of cloud adoption is the benefit most often highlighted in discussions on the transformational and disruptive impacts of this technology in the financial services industry. But this is only one of the many reasons why we’re seeing increased interest and demand for such a move. The pressure to innovate and better compete is immense, yet relying on inflexible underlying technologies has prevented banks from entering a new era of banking.
In this 5th episode of the After Hours by RedCompass Labs podcast, our very special guest, Vijay Oddiraju, the CEO and Co-Founder of Volante Technologies, reveals the extent to which the cloud matters to the financial services organisations, what makes genuinely cloud-native applications special, as well as its impact on the global unbanked.
Find out why next-generation banking starts in the cloud and explore some of the key insights around its current status and future promise.
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RedCompass Labs
Institutions have a short window to get ahead of market, technological and regulatory changes
Payments modernization is still manual. AI can change that, but only if we can prove it
Most payments modernization projects overrun, go over budget, and fail to deliver to the original spec.
Over half of banks have delayed or scaled back a project.
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Payments are evolving faster than many banks can respond
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From Open Banking and stablecoins to fair fees and faster access
We once trusted humans to type payments over telex.
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