Authored by ECS Fin, a Nacha Preferred Partner
With digital transformation moving swiftly and more people seeking instant payments, modern and innovative solutions are increasingly valuable. ECS Fin and Nacha outlined new strategic priorities for banks in the wake of “staggering growth” in digital transactions for low-value domestic payments and the demand for frictionless consumer experiences.
There is a dire need to have a transaction-centric platform that can host a series of message administration services, transaction processing workflows, message libraries, connectivity protocols, and supporting components. This Executive Briefing highlights the need for banks to understand current technology infrastructure business priorities and resource capacity to develop the right strategy to:
From unprecedented transactional volume to the behavioral shifts of ACH payments, banks must rethink how they do business quickly.
For questions related to this executive briefing, contact @- Finney Zechariah
SWIFT’s In-flow Translation service is central to helping financial institutions to adopt ISO 20022 messages for cross-border payments at their own pace.
The pandemic dramatically accelerated the demand for different payment rails and infrastructure, forcing banks to prioritize modernization and innovation.
At ECS Fin, we believe to quantify the essential technological components of the modern payment methods/strategies to help banks sail through the storm.
