Payment processing is a fundamental part of the services banks provide to their clients. But it is also highly complex. Developments such as the introduction of instant payments, new regulatory obligations coming from the PSD2 Directive and increasing customer requirements force the industry to reshape payment processing drastically. This leads to serious challenges for banks, and puts pressure on margins.
As your specialized partner in payments back-office processing equensWorldline can help you with these challenges. We make sure that all required steps in the process are taken care of, efficiently and in real time. This includes receipt of the payment instruction, validation, enrichment, compliance checks, generation of debit/credit entries, submission for interbank settlement, and client reporting. While we perform processing of your payments, you can stay focused on your core business.
Enabling innovation through payments platform transformation
Global trends, such as changing customer demands, new entrants, innovative technologies, regulatory pressure, higher costs and lower profit margins are driving significant changes to the financial services market.
Expenditures for maintaining and upgrading existing IT infrastructure are limiting the resources banks can devote to innovation and investments in new digital technologies – effectively driving the need for banks to pursue alternative options.
In this whitepaper, we examine how a rapidly changing financial environment is urging banks to rethink their business strategies and back-end operations. We also present a string of key elements and options for banks to consider when driving the necessary change to their payments platforms. Ultimately, making the right choices will help banks to compete in the new, digitized financial era.
Degussa Bank AG faced the challenge to modernize its payments processing infrastructure and after careful consideration decided to outsource their end-to-end payments processing to equensWorldline SE. This includes SEPA processing, cross-border payments, high value payments, compliances services, investigations, archiving and additionally a full channel service suite including SWIFT service bureau, corporate access and paper based payments. Degussa Bank decided to make use of our payments processing back office platform because it provides a wide range of real-time monitoring and processing functionality including instant payments.
Christian Rhino, Divisional Board Member, Group Banking Operations Commerzbank AG
Through the purchase of “payment as a service” from equensWorldline, we have not only gained a reliable strategic partner for our company, but through this we can fully concentrate on our digitalization and the strategic restructuring of Commerzbank 4.0.
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