1、Brought to you by Informa Tech Publication date:May 2024 Author:Philip Benton Embracing the Revenue-Generating Opportunities of a Modern Payment Hub Modernizing payments infrastructure is about more than just back-office efficiencies Commissioned by:Embracing the Revenue-Generating Opportunities of

2、a Modern Payment Hub 01 2024 Omdia.All rights reserved.Unauthorized reproduction prohibited.Contents Summary 2 Market context 3 Modernization of payments is critical as legacy debt continues to rise 6 Building a future-proof architecture is vital to embrace emerging payment trends 11 Market outlook

3、15 Appendix 16 Embracing the Revenue-Generating Opportunities of a Modern Payment Hub 02 2024 Omdia.All rights reserved.Unauthorized reproduction prohibited.Summary Abstract The payments sector is evolving rapidly with,for example,the emergence of real-time payment rails,ISO 20022 adoption,cryptocur

4、rencies,generative AI applications,and modern messaging technologies.Financial institutions need a common approach to support payment innovation with a shift to central platforms that can support multiple payment types and away from siloed engines.The demand for instant payments is growing:both cons

5、umers and businesses expect settlement to occur in real time.The vast increase in payment methods being demanded by consumers and businesses has created the need for a modern payment hub platform to ensure seamless routing and processing.In fact,58%of banks will increase their spend on payment orche

6、stration/payment hubs in 2024,including 25%of respondents that will be increasing spend by 6%or more,according to Omdias 2024 IT Enterprise Insights(ITEI)survey.A modular microservices-based architecture is therefore critical to ensure the payment hub can be adaptable at scale without affecting perf