- What’s really holding banks back from successful payments modernisation? And why does it keep happening?
- How can payment leaders keep pace with constant regulatory and technological change, without burning through budgets and teams?
- Where can applied AI and next-generation tooling help accelerate modernisation?
The payments landscape has never been more demanding. To stay competitive, banks must continuously update their payments capabilities, while keeping complex legacy environments running at scale. This is a perfect storm – with ageing infrastructure, limited budgets, scarce payments expertise, and tight compliance deadlines making modernisation more challenging than ever.
According to RedCompass Labs’ research, 83% of payments modernisation programs exceed budget, 87% run over schedule, and some even lead to payments outages. So, why do so many payments initiatives struggle to deliver?
There are four persistent challenges:
- Regulatory and technological change is relentless
- Payments expertise is in short supply
- Smaller and mid-tier banks often lack the necessary resources
- A gap persists between banks’ modernisation goals and what their platforms deliver
Sign up for this Finextra webinar, hosted in association with RedCompass Labs, to hear our panel of experts explore how banks can modernise payments more effectively, using the resources they already have. The panel will consider strategies to scale in-house capabilities while maintaining control, resilience, and delivery confidence – and analyse where applied AI and automation can genuinely accelerate progress.
