Today’s Payments Ecosystem – the Opportunities and Challenges

There continues to be a rise of digital commerce based on customer adoption of innovations like digital wallets, buy now pay later (BNPL), instant payments, instant issuance of cards and cryptocurrency. It is expected that the payments industry is primed for even more innovation over the next 5 years.

The bottom line is investment in payments technology is needed more than ever to enable players to be more agile and future-ready, delivering faster speed and scale of innovation and greater revenue.

More than ever financial institutions, fintech players and even big tech and non-banking organizations need a deep a deep range of payments product solutions that can support cards, mobile payments as well as traditional lending services and buy now pay later. These solutions require access to every major network partner as well as valued added services such as fraud prevention, contact center support, dispute management, and even white label web and mobile apps — all needing to be highly configurable to support customization and speed to market.

Banking Transformed Podcast invited Dan Hanks, Vice President and Head of Development for Lending at i2c Inc. Watch the replay to gain insights into the opportunities and challenges in today’s payments ecosystem.

About Author

i2c is a global provider of highly-configurable payment and banking solutions. Using i2c's proprietary "building block" technology, clients can easily create and manage a comprehensive set of solutions for credit, debit, prepaid, lending and more, quickly and cost-effectively. i2c delivers unparalleled flexibility, agility, security and reliability from a single global SaaS platform. Founded in 2001, and headquartered in Silicon Valley, i2c's next-generation technology supports millions of users in more than 200 countries/territories and across all time zones.