Payments Modernization: What Does It Really Mean

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Presented by

Jim Marous | Co-Publisher at The Financial Brand, and Al Griffin | Principal Solutions Consultant at Alacriti

About this talk

The payments ecosystem is in a state of evolution, with the U.S. moving to adopt faster and real-time payments en masse. To compete with challenger banks and neobanks, banks and credit unions need to deliver tomorrow’s experiences, today with faster payment solutions delivered by scalable RTP technology. But how can financial institutions constrained by inflexible legacy platforms compete? In this webinar, Jim Marous, Co-Publisher, at The Financial Brand and Al Griffin, Principal Solutions Consultant at Alacriti tackle the tough questions surrounding payments modernization and orchestration, why some financial institutions are lagging behind challenger banks and neobanks, and how they can position themselves to compete in the payments landscape. Key Takeaways: •What ‘payments modernization’ really means today •What challenger banks and neobanks are doing right •What do legacy financial institutions need to do today to deliver modern payment solutions

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Alacriti is a leading financial technology company dedicated to helping financial institutions and businesses accelerate their digital payments transformation, all without requiring legacy system overhauls or replacement. Alacriti's Orbipay Unified Money Movement Services delivers solutions across the payments ecosystem. Whether it’s real-time payments, digital disbursements, or bill pay, our cloud-based platform enables banks and credit unions to quickly and seamlessly deliver modern digital payments and consistent money movement experiences.