Banks Must Adopt an Enterprise-wide Approach to Payments Driven Revenue in Order to be Able to Lower Their Cost Base.DUBLIN Dublin, city, Republic of Ireland Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River. , Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c49704) has announced the addition of Datamonitor's new report: The Changing Face of the Wholesale Payments Industry (Strategy Focus) to their offering. The wholesale payments marketplace has been and is still witnessing significant change. Scope of this title: - Cost-cutting remains a key driver for payments re-engineering efforts. - Wholesale payments risk management remains a key priority for banks. - Enterprise payment strategies have had limited uptake uptake /up·take/ (up´tak) absorption and incorporation of a substance by living tissue. up·take n. thus far. - Increasing number of banks will acquire payments tzars in near future. Highlights of this title: As banks come to grips with the shifting payments landscape, they must take an enterprise-wide approach to payments driven revenue in order to be able to lower their cost base, protect wallet See digital wallet. share, increase customer loyalty, provide and develop profitable products and operate in a way that supports and furthers risk management practices. Reasons to order your copy: - Vendors can tailor A tailor is a person whose occupation is to sew menswear style jackets and the skirts or trousers that go with them. Although the term dates to the thirteenth century, tailor their offerings by assessing and analyzing which wholesale payment strategies are currently either in place or taking shape. - Solution providers can better align align (  līn),v to move the teeth into their proper positions to conform to the line of occlusion. their go-to-market strategies with banks payments strategies. OUR VIEW CATALYST SUMMARY ANALYSIS Introduction to the payment processing value chain Cost-cutting remains a key driver for payments re-engineering efforts Wholesale payments risk management remains a key priority for banks Enterprise payments strategies have had limited uptake thus far Customer-centricity is critical for a successful enterprise payments strategy Increasing number of banks will acquire payment tzars in near future Enterprise payments strategists can help banks attain horizontal views across products Uptake of shared service centres is driving the centralization cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. of payments processing The centralization of payments policy and processing will have major implications for stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. ACTIONS Banks need a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. enterprise integration strategy in payments processing Vendors should explore wholesale payments systems risk management solutions METHODOLOGY Further reading Ask the analyst List of Figures Figure 1: The payments processing value chain Figure 2: Payments strategy should be at enterprise level Figure 3: Centralization around an integrated hub is a key strategy For more information visit http://www.researchandmarkets.com/reports/c49704 Source: Datamonitor |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion