Modernize payments with Red Hat and Temenos
Modernize your payments systems to enhance your customer experience and stay competitive.
Change is a constant in the financial services industry. New market entrants and technologies increase competition for customers, making customer experience a key differentiator. Accustomed to real-time services in other areas of life, banking customers now demand new, faster, digital payment services.Even so, modernizing can be challenging. You must comply with a range of regulations and standards that govern instant payments, open banking, and payment card services. While standards like International Organization for Standardization (ISO) 20022 can increase payment interoperability and speed, other regulations limit the amount you can charge for your payment services. Scalability is critical—lower margins require higher volumes to make rapid payment services a viable business option.Red Hat and Temenos offer a complete, integrated solution for modern, real-time payments. Based on a consistent cloud platform, real-time communications, and cloud-native payments processing hub, this solution lets you efficiently process, integrate, scale, and adapt payments services. Each component provides key functionality for the solution.
- Deliver real-time payments to meet market demand
- With Red Hat and Temenos, you can build and deliver real-time payments services to differentiate your customer experience. Process payments instantly with event-driven streaming technologies and low-latency, cloud-native messaging. Detect fraud faster using integrated monitoring and insight from artificial intelligence and machine learning models.
- Innovate faster to gain a competitive advantage
- The Red Hat and Temenos solution includes modern development tools and capabilities to help you innovate faster. Rapidly develop, test, and deploy new payments services with integrated tools, automation, and CI/CD pipelines. Integrate with third-party products and services to monetize your own services via included and custom developed application programming interfaces (APIs).
- Manage high payment volumes more easily
- Red Hat and Temenos help you handle high payment volumes without requiring large investments in overprovisioned systems. Deploy your payments services where it makes the most sense: on-site, in a private cloud environment, or on leading public cloud provider infrastructure. Dynamically and automatically scale payments workloads across on-site, hybrid, and multicloud infrastructure to cost-efficiently meet demand. Gain a complete understanding of all payments in real time with unified visibility into all transactions.
