IDC PeerScape: Best Practices for Leveraging Integrated Bank Payment Platforms

This IDC PeerScape delves into the challenges around bank payment platforms and the practices to optimize payment modernization."Banks around the world, despite different regulatory regimes, different rails, and different customers, face many of the same challenges," according to Aaron Press, research director, Worldwide Payment Strategies at IDC. "We see a clear trend among these banks to look at payments as a catalyst to modernize the way they do business across the board."

IDC PeerScape Figure

Executive Summary

Peer Insights

• Practice 1: Banks Rarely "Rip and Replace" Payment Systems
  • Challenge
  • Example
  • Guidance
• Practice 2: Cloud-Based Processing Platforms Can Offer Faster Implementation Times and Dynamic Capacity
  • Challenge
  • Example
  • Guidance
• Practice 3: Modern Payment Platforms Offer Highly Modular Designs That Can Be Modified, Updated, and Extended with Less Coding and Customization
  • Challenge
  • Example
  • Guidance
• Practice 4: Coordinate Technology Strategies Beyond Basic Integration to Include Infrastructure, Delivery Platforms, and Data Sharing
  • Challenge
  • Example
  • Guidance

Related Research

• Related Research