Modernize Your Payment Processing System Now

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Presented by

Sumeet Puri​ - Chief Technology Solutions Officer, Solace Corporation

About this talk

The Indian payment landscape has undergone a drastic change in the last decade. From a cash economy paper-based clearing to innovative digital payment. These initiatives include JAM provision being the catalyst for a digital payment infrastructure, Jan Dhan Yojana financial inclusion program, Issuance of Aadhar Citizen ID to billion of people and the increasing mobile phone penetration with cheap data across the country. ​ ​ Under the vision of RBI, the next phase was to increase rapidly the digital payment footprint in the country and elevate customer experience through innovative payment. There is an increasing emphasis on merchants to modernize their infrastructure with digital solutions, account aggregation for real-time consented sharing of financial information, regulatory sandbox framework, NUE (New Umbrella Entity) for retail payments through the deployment of technologies. ​

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Solace helps large enterprises become modern and real-time by giving them everything they need to make their business operations and customer interactions event-driven. With PubSub+, the market’s first and only event management platform, the company provides a comprehensive way to create, document, discover and stream events from where they are produced to where they need to be consumed – securely, reliably, quickly, and guaranteed. Behind Solace technology is the world’s leading group of data movement experts, with nearly 20 years of experience helping global enterprises solve some of the most demanding challenges in a variety of industries – from capital markets, retail, and gaming to space, aviation, and automotive. Established enterprises such as SAP, Barclays and the Royal Bank of Canada, multinational automobile manufacturers such as Groupe Renault and Groupe PSA, and industry disruptors such as Jio use Solace’s advanced event broker technologies to modernize legacy applications, deploy modern microservices, and build an event mesh to support their hybrid cloud, multi-cloud and IoT architectures.