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.
In the past, we discussed the challenges of accessing financial products that truly meet the customer’s need in a safe manner with Paula and Lesley-Ann. Close to one-third of adults are still unbanked. About half of the unbanked are the women of poor households in rural areas. For International Women’s Day, we wanted to discuss this reality, how it hinders the empowerment of women and how we can improve this situation.
In this episode of After Hours by RedCompass Labs, Mike Truter and Julie Guetta talk about financial inclusion, financial literacy, the true cost of cross-border payments, and how payments and mobility are critical to increasing economic and social inclusion for women.
Our special guests for this episode are:
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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
The gap between what banks need and what their payments platform delivers
Why does this happen?
From Open Banking and stablecoins to fair fees and faster access
We once trusted humans to type payments over telex.
Payments modernization has four systemic issues. Can we fix them?
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