From April 29- May 2 2018, “payments experts” from all over the United States got together at the NACHA Faster Payments 2018 event in San Diego to discuss trends, share experiences and practical implementations.
The world has embraced “instant“ with new real-time payment schemes rolling out around North America and the rest of the world. The way money moves is undergoing radical change globally. In an increasingly digital world, financial institutions, regulators, service providers, corporates and their customers expect better and faster services to move monies efficiently and securely in real-time, and current payment infrastructures struggle to meet these needs.
During the NACHA PAYMENTS event in San Diego there were many interesting workshops, presentations, discussions and demonstrations where various type of solutions and best practices were discussed, which led to a few thoughts:
Is the payment industry going through an evolution or a revolution?
Blockchain is obviously more than just a hype, but when and how will the payment industry adopt it? When can we clearly see the business value?
Is everyone ready to standardize around ISO 20022? How much is the investment and is there an ROI?
When will we get “industry standards” around APIs? Can API and ISO 20022 be combined, and if so, how?
There are many opinions to the above questions, shared by industry experts based on their experience, industry requirements and regulations. Amongst all the disagreements and uncertainty, one common goal that everyone wants to achieve is faster payments in real time. Every institution is working on modernizing their application infrastructure to get ready for the future.
Next Generation Hybrid Integration platform is the key enabler and a success factor for bridging old and new together, for any size financial institution anywhere.
The connected world is here to stay, and given SEEBURGER’s background providing financial institutions with business integration solutions related to efficient payment infrastructure, migration and modernization of legacy applications and enabling digital transformation we know the challenges you face today. SEEBURGER’s Business Integration Suite (BIS) provides the perfect solutions to solve these problems. With SEEBURGER BIS, we can help you meet agile integration needs and digital business requirements and aid you in your journey into the future.
Integration is key to today´s digital economy, enabling applications, data sources, services, devices and business entities to connect and communicate with each other.
SEEBURGER BIS is a unified platform for hybrid integration, including solutions for B2B/EDI, ERP, Application Integration, Managed File Transfer (MFT), and Application Programming Interfaces (API’s).
Combining the above mentioned core business and technical functionality, SEEBURGER’s blended approach between B2B, MFT, and API will help you and your customers and business partners gain the best and most agile solution; on-premise, hybrid or in the cloud.
SEEBURGER can be your partner in your faster payments journey, learn more from our
SEEBURGER Financial Services Best Practices