Digital Transformation in Financial Payments
-
Going digital means
real value for financial
institutions & POS: -
$4.7T
Potential losses due to
operational inefficiencies
for banks globally thru 2024 -
25%
Less branch use per
customer by going digital -
15%
Of customers will be
unlikely to use a branch
after COVID
-
HOT TRENDS
of digitalization
in the Finance & POS Systems 2021+
-
User-first, omnichannel
approach necessary to reach
customers where and when they
are
-
Advanced computing such as
quantum computing will help
analyze large unstructured data
sets -
Digital collaboration will drive
new ways to work internally and
externally -
AI & Automation
will become vital for banks to
remain relevant -
Digital & analytics will continue
to transform bank, improve
decision making and customer
experience
Digital Transformation in Finance & POS Systems
-
BI/DATA ANALYTICS
- Customer Analytics
- Quantum computing
for unstructured data
sets
- Reports & Dashboards
- Data Warehouse
- BI Portal
-
COLLABORATION
- Document Management
- Self Serve Portal
- e-Learning & training
- Remote
communications
-
WEB AND MOBILE SOLUTIONS
- Customer portal
- Digital wallets
- Facial and biometric recognition
-
AI & AUTOMATION
- Intelligent automation
- Document scanning
- Computer vision
- Manual tasks reduction
-
CORE BUSINESS
- Branch automation
Self-serve solutions
- Legacy system
modernization - Cloud and edge
migration
- Micro data centers
management - Financial data
collection & analysis
- Branch automation
-
GREENFIELD
- New forms of payments
- Digital POS
Digital Transformation in Finance & POS Systems
For the Enterprise
- Automation of manual tasks yielding productivity gains
- Reduction in costs with better efficiency
- New revenue models
For the Customer
- Immediate service with self-serve solutions
- Better experience, faster service
- Convenient payment options
- Key digital transformation steps
-
01.
Assess the current state of digital across your organization
-
02.
Define your digital transformation objectives
-
03.
Outline digital transformation roadmap
-
04.
Choose your technologies
-
05.
Establish
software
partnership -
06.
Empower
and educate
your staff
Embark on your Digital Experience journey and explore the benefits of our customized solutions, contact us.
Digital Transformation in Finance & POS Systems
-
1995
- Coca Cola receives credit for first mobile payment transaction in 1997
- Cashback introduced
- Ebay & Amazon founded
-
2000
- Ecommerce business models emerge
- Direct trading designed with CME Group’s Globex
- Paypal launches in 1998
-
2005
- Chip and PIN systems introduced and made mandatory in 2006
- Card spending exceeds cash
- Shopify founded
-
2010
- Contactless payments launch, tied in with proliferation of mobile phones
- Crowdfunding for startups
- Google launches Google Wallet
-
2015
- Mobile banking becomes no. 1 choice of users vs visiting branches
- Cloud technology brings banks closer to consumers
-
2020
- Global fintech investment hits $59.5B
- Blockchain use cases grow, as does Bitcoin
-
2025
- Digital and contactless payments
- Digital-first and cloud native tech will capture consumers
- Headless and easy-to-setup billing for SMBs
Intetics has proudly supported fintech leaders on their transformation journeys:
