No longer on the horizon, real-time payments are here. As a result, we are experiencing a rapid and global shift towards payments modernization. As an industry, we have made great strides in creating robust, real-time front-end interfaces. However, we often overlook the importance of the back-office, which does the heavy lifting for an organization’s payments processing.
Many companies are relying on legacy back-office systems that are decades old and unequipped to support the requirements for real-time payments. The primary challenge companies must face is how to get the back office processing of payments to keep up with a real-time front end. The basic problem is that back-office systems cannot match the real-time capabilities of fast payments front ends. Why? Because the back office is where real-time meets batch.
In this webinar, BHMI will discuss some of the consequences of a batch focused back office and how the Concourse Financial Software Suite addresses this real-time back-office challenge including the following:
· Successfully meet the continuous processing requirements for real-time payments
· Easily adapt to new requirements without the expense of software changes
· Seamlessly support new payment types and message formats such as ISO 20022
· Continuously provide real-time, enterprise view of all transactions and financial positions
During this webinar, you will learn how Concourse can not only transform your payments back office but also futureproof it. Our clients have seen a strong Return On Investment because Concourse is allowing them to be proactive and efficient with their back-office processing. They are also able to support ongoing changes within the payments industry without the time and cost of software changes.