For some years, the payments landscape has been experiencing a shift from paper to digital solutions, with developments, including new real-time payments systems, the emergence of innovative overlay services, and the modernization of legacy rails, coalescing to meet evolving client needs.
Speaking on Fintech Finance’s Virtual Arena, Carl Slabicki, Head of Strategic Payment Solutions, BNY Mellon Treasury Services, explains how the Covid-19 pandemic has acted as a catalyst to drive forward this digital transformation. “As more and more businesses made the move to a remote working environment, BNY Mellon has had to adapt to better support their clients with accessing data, to afford capabilities from remote settings, and to provide increased assurances” says Slabicki.
To watch the full interview, please click here.
BNY Mellon’s paper, “Reinventing payments in an era of Modernization” examines the fintech-fuelled changes taking place in the payments space. Analysing survey results from more than 100 banks, the paper outlines the varied strategies being employed by banks to align themselves with the emerging payments environment. Coauthored by Tony Brady (Head of Global Product Management, BNY Mellon Treasury Services) and Chris Mager (Head of Global Innovation within BNY Mellon Treasury Services’ product management group), the whitepaper discusses how banks and their clients are being affected by the technological revolution, and why banks must act now to utilise new technology, and improve the client experience.
Following Moorgate’s outreach, the news was covered by Financial IT, GT News, TMI, Banking Technology, and Treasury Today