A frictionless payment experience
As companies venture through the evolving payments landscape and digital world, they strive to enhance their capabilities, architecture, processes, and partnerships in order to foster new value-added capabilities for their customers and new revenue streams for their organizations. A rapid increase in innovative payments and financial services products has accelerated the need for companies to transform their payment ecosystem.
Customers now have access to an abundance of financial products and are demanding a frictionless payment experience, underpinned with transparency and trust. In addition, legacy payment systems are undergoing transformation and are being disintermediated by new payment types and trends such as Real Time Payments (RTP) and ISO 20022.
At KPMG we assist our clients in navigating the new digital world by helping them modernize their payments ecosystem with services ranging from payments and product strategies and solution development through implementation of all payment types and getting our clients live in the market.
Three key challenges
Companies that have embraced the digital agenda are able to offer a differentiated customer experience, potentially gain market share, and overcome today’s key challenges: