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Payments

Payment is the most profitable domains where a plethora of financial innovations happen.

The evolution of the payments industry continues to be driven by changes in technology and customer behaviour. We work with clients to help them keep pace and capture the opportunities inherent in this shifting landscape of Payments and the banking sector in general.

Complex strategies are hardly executable. Often, they are too vague, abstract, and simply put – complex!

Complex processes are likely to go wrong. Simplicity matters and in fact, is preferred; especially when we can get the warranted substance whenever warranted. A good executable strategy should always be simple and understandable

Our Payments offerings

Payments Strategy and Innovation

Payment must be complying with regulations and new standards in the financial markets.

Open Banking

Open Banking demands Payment APIS.

Artificial Intelligence and Cognitive Payments

Blockchain alike decentralized payments will need to intersect with AI for efficiency and security.

Anti Money Laundering, Fraud and Payments

Payment modernization is the current challenge to adapt into new additions and revised regulations for fraud prevention and AML.

Commercial Payments and Modernization

Existing institutional payment platforms are sprawling into webs of commercial payments systems blended with and supplemented by financial networks and integrators. To benefit from the new entrants into the marketplace, modernization is critical and eminent.

Retail Payments and Modernization

Retail payments are ripe for financial technology innovation, which demands the banking systems to modernize and integrate with external vendors via APIs.

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Challenges are just opportunities in disguise.

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E-mail: connect@bankinglabs.com