Support modern digital commerce experiences with scalable payment capabilities across online and mobile channels. Explore the solution

Launch and manage modern card products faster while reducing operational complexity and legacy dependency. Explore the solution

Create flexible payment experiences that improve conversion, transparency, and customer control. Explore the solution

Launch branded digital wallet experiences that strengthen customer engagement and payment ownership. Explore the solution

Offer financing directly within digital payment journeys without rebuilding core systems. Explore the solution

Help customers better understand spending, saving, and financial behaviours through data-driven financial insights. Explore the solution

New payment revenue for banks

Grow payment revenue without replacing your core systems

Q: API banking and marketplaces

Expose banking capabilities securely through APIs and create partner ecosystems that generate transaction and service revenue. Explore the solution

Q: Payments as a Service

Support merchants, fintechs, and corporate customers with scalable payment infrastructure and value-added services. Explore the solution

Q: Verification of Payee

Reduce fraud risk while improving trust in account-to-account payments. Explore the solution

Q: Next-generation virtual accounts

Simplify liquidity management, reconciliation, and transaction visibility with flexible virtual account structures. Explore the solution

Tieto Banktech helps UK and Ireland banks launch new payment and embedded finance services on top of existing infrastructure. Add digital wallets, API products, Request to Pay, embedded credit, and merchant services without high-risk core replacement programmes.

The challenge

Revenue pressure is growing

UK and Ireland banks are under pressure from every direction. Payment margins are shrinking, fraud and compliance costs continue rising, and customers expect faster digital experiences across every channel.

Many banks still rely on fragmented payment infrastructure that is expensive to modernize and difficult to scale. Full core replacement programmes can cost hundreds of thousands of pounds each week while introducing operational and delivery risk.

At the same time, existing payment rails already process billions in transaction value every year. That infrastructure creates an opportunity to launch new services, generate new fee income, and strengthen customer relationships without rebuilding the bank from scratch.

Scheme fees have risen since 2017

25%

Annual interchange costs for major banks

£200M

Weekly cost of full core replacement

£800K

How Tieto Banktech can help

Modernize without disruption

Launch new revenue-generating services on top of your existing infrastructure.

1

Faster time to market

Launch new payment and embedded finance services without long transformation programmes.
2

Lower operational risk

Build on existing rails instead of replacing critical banking systems.
3

New revenue opportunities

Monetize payments, APIs, wallets, merchant services, and embedded finance journeys.

Platform approach

Built for modular growth

Tieto Banktech helps banks modernize incrementally. Our modular payment and banking capabilities integrate with existing environments, enabling banks to launch new services while maintaining operational stability and regulatory control.

A2A and card payments

Real-time

Integration approach

API-led

Solutions

Revenue models banks can launch

Banks already operate the infrastructure needed to create new payment revenue. Explore the modular services that help UK and Ireland banks launch embedded finance, API-driven services, digital wallets, and real-time payment capabilities without replacing core systems.

API banking and marketplaces

E-commerce payments

Payments as a Service

Cards as a Service

Request to Pay

Verification of Payee

Digital wallets

Next-generation virtual accounts

Embedded credit

Wealth Mapper

Expert opinion

Banks do not need to replace their core systems to unlock new payment revenue. Modular modernization creates faster paths to growth with lower operational risk.