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IDC PeerScape: Best Practices for Leveraging Integrated Bank Payment Platforms

Publisher IDC
Published Mar 20, 2025
Length 5 Pages
SKU # IDC19884585

Description

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."

Table of Contents

5 Pages

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

Pricing

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