Learnings from Building NextGen Payments Infrastructure & Technology

In an age of rapid technological advancement, the banking sector faces the limitations of outdated payment systems. These legacy platforms impede the development of new features and struggle to adapt to evolving formats and regulatory demands. As we transition to an era of instantaneous transactions, it is crucial to maintain a 24/7 operational system that addresses the complexities of global regulations.

 Modernizing payment infrastructure is not merely an upgrade; it is the creation of a robust foundation that fosters innovation in a swiftly advancing industry. To navigate this modernization, banks must adopt a customer-centric approach, beginning with understanding customer needs and working backward to integrate technological solutions. This approach allows for the identification of challenges from the customer's perspective, evaluation of technological feasibility, and assessment of economic viability.

Infosys' upcoming panel discussion at the American Banker Payments Forum will explore the future of banking through first principle thinking and an MVP approach. The panel will examine the potential of next-generation technologies such as GEN AI-LLM, cloud, API, and blockchain to facilitate the transition from legacy systems to modern architectures. Additionally, they will discuss strategies for achieving scalability, robustness, and enhanced transaction efficiency, which are crucial for managing payment platforms on a large scale. Join the Infosys breakfast session, and learn about modern banking solutions that deliver both efficiency and innovation.