For an agile, reliable, and scalable payment solution
There are a plethora of changes that are driving the North American payments industry. The modernization of existing rails - FedNow, FedWire (ISO20022), SWIFT (ISO20022) - and emerging new rails, such as Real-Time Rails (RTR), API-based banking payment as a service, embedded finance, DiFi, open banking, have mandated banks to embark on the journey of agility, product innovation, simplified, and optimized payment landscape. The modern ecosystem will enable banks to introduce new products, improve existing product offerings, and rapidly innovate with accelerated time to market, thereby keeping pace with the industry.
How can banks modernize their payments to meet business needs?
Virtusa, with its 25+ years of experience in payments, has enabled 5 of 10 North American banks, insurance, and financial institutions to modernize their payment ecosystems and meet industry compliance mandates. We are a leading digital engineering services company with extensive engineering expertise, a profound partner ecosystem, and a set of in-house build accelerators to help clients reduce costs in business operations and mitigate challenges in legacy modernization and complex business transformation.
Virtusa has been pivotal in enabling banks of all sizes to evaluate, redesign, build, and modernize their legacy payments infrastructure to highly scalable and resilient target core applications.
With Payments Modernization, banks can achieve:
Payments Modernization provides end-to-end services that accelerate building a payment hub or set microservices constructed to complement the services of a COTS product.
Contact us to speak to an expert, request an assessment, or demo our solutions.