Articles & Trend Reports

Payments Modernization: What Does It Really Mean?

Posted on 11 Jul 2022

The payments ecosystem in the United States is very much in flux, with en masse adoption of faster and real-time payments. Scalable, real-time payments technology is essential for banks and credit unions to compete with challenger banks and neobanks. However, how can financial institutions overcome the constraints of inflexible legacy platforms?

In a webinar hosted by The Financial Brand, Jim Marous, Co-Publisher, at The Financial Brand, and Al Griffin, Principal Solutions Consultant at Alacriti, tackled current challenges with payments modernization and orchestration, why some financial institutions are struggling to compete with challenger banks and neobanks, and how they can better position themselves to compete.

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