Why Are Banks Unable to Unlock the Full Potential of Real-Time Payments (Rtp)?
The RTP business opportunity is well established – but a majority of banks are unable to fully leverage the opportunity, held back by inflexible legacy systems, high running costs, scalability issues, complex compliance standards and cybersecurity imperatives. In this scenario with multiple constraints, embracing Payments Composability is key for banks to succeed.
What Does Payments Composability Entail?
Composability involves seamlessly connecting different components or modules within a bank, enabling flexible and dynamic combinations. A composable platform provides the needed flexibility for aggregating products, reducing time-to-market, enhancing resilience, and lowering total cost of ownership (TCO).
