Payments modernization

Payment platform modernization

Turn years of payment infrastructure investment into greater efficiency, better services and new opportunities from real-time payments.

Beyond compliance

Banks have invested significantly in modernizing payment infrastructure to respond to regulatory change, real-time payments and ISO 20022. This creates an opportunity to move beyond compliance and get more from modern payment platforms — improving efficiency, strengthening customer services and creating new value across retail and corporate banking.

Payment modernization report

Reap the benefits of modernization

Explore how banks can get more from investments in real-time payments and ISO 20022. The report looks at how Order Management, Request to Pay and Verification of Payee can help reduce costs, improve customer service and create new sources of value.

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European banks migrating through stepwise, component-led transformation

80%+

Direct Debit payments in the first half of 2024

11 B

Real-time payments report

Unlock the B2B payments opportunity

Explore how real-time payments can create opportunities beyond consumer banking. The report looks at how real-time payments, Verification of Payee and Request to Pay can improve corporate and merchant payments and support more valuable services.

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B2B and merchant payments compared with consumer payments

2x+

Estimated global B2B payments market

$125 T

Modern payment capabilities

Build on your payment platform

Explore capabilities highlighted in the reports that can help banks get more value from modern payment infrastructure.

Order Management

Request to Pay

Verification of Payee

Real-time payments

Move beyond instant transaction and settlement to develop more valuable corporate payment services. Real-time payments can support greater cash-flow visibility, better oversight of accounts receivable and closer integration between payments, invoicing and accounting.

ISO 20022

Use rich payment data to support more effective processing and automation. The reports highlight applications across payment processing, account management, authentication, fraud management, anti-money laundering and foreign exchange.

Payments

Explore our payment solutions

Payment solutions

Modern payments start here

Explore Tieto Banktech capabilities across the payment value chain, from payment processing and real-time payments to services for modern banking.

Expert perspective

Banks can now focus on leveraging these capabilities to deliver innovative, real-time services and value-added offerings that go beyond compliance and drive business growth.

Tieto Banktech report: Banks have spent ten years modernizing. Now it’s time to reap the benefits

Payment modernization