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Celent report: The rise and rise of payment hubs

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Is managing multiple payment systems slowing you down?

It's time for a smarter, simpler solution. According to Gareth Lodge, a leading payments expert from Celent, payment hubs are revolutionizing the way banks manage their operations. By consolidating all your payment engines into one platform, a payment hub streamlines everything from payment processing to fraud detection. With a single point of integration, your financial institution can increase efficiency, reduce complexity, and stay future-ready with ISO 20022 compatibility.

Why choose a payment hub?

  • For smaller & mid-sized banks: modernize your systems and prepare for the future.
  • for larger banks: simplify complex payments and enhance orchestration.

Key topics covered in the whitepaper:

  • Centralizing for efficiency: How consolidating payment systems speeds up processing, improves customer experiences, and reduces operational complexity.
  • ISO 20022 compliance: Ensuring your bank is prepared for global standards and seamless cross-border payments.
  • Real-time data & insights: Leveraging built-in analytics and 24/7 shadow accounting to control costs, boost revenud manage risk.
  • Future-proofing payments: Preparing your bank for tomorrow's fintech innovations and real-time payments.
  • All-in-One payment orchestration: Integrating essential features like fraud detection, sanction screening, and shadow accounting into one powerful platform.