Cross-border payments: Could RTGS systems unlock the next big frontier?

Cross-border payments: Could RTGS systems unlock the next big frontier?

It is no secret that the majority of European banks and financial institutions are currently faced with making big and strategic decisions: the pan-European instant payment initiative is due to go live in 2017, new regulations such as PSD2 will come into effect soon and the digitalisation of the sector is well under way, with customers demanding new services and payments methods.

IT departments and bank executives need to make difficult choices: do they try to adapt their current IT infrastructure to accommodate instant and mobile payments solutions as well as new European regulations, or, do they completely replace their current platforms with new ones, designed to follow strict PSD2 requirements and to accommodate new payments solutions?

Sourced through Scoop.it from: www.fx-mm.com

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