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Minimize risk by protecting the bank and enhancing market penetration

An innovative partner to support new payment methods and channels

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Payment Services in the Banking domain

The fintech revolution and digital transformation are shifting the paradigm in payments. Real-time faster payments adoption globally is changing the way banks play a part in payment services. With the adoption of mobile technology together with emerging regulatory standards like PSD2 are mandating open banking practices. All this is driving the need to modernize core banking functionality using API technology to remain competitive. Competition from non-traditional financial service firms, to the banks, is driving the need to implement best in class data analytics with artificial intelligence (AI) and machine learning (ML) based solutions. For example, fraud and risk management is a key focus area that benefits from infrastructure upgrades from more brittle legacy systems to improve the bank's efficiency ratio. Finally, banks must provide an enriched user experience across payment methods, channels, and acceptance as critical drivers for a competitive edge.

What RS can do for you

  1. Drive your payments technology modernization strategy and implementation roadmap
  2. Design and build API technology to enable your open banking goals and prepare you for emerging regulatory changes like PSD2
  3. Configure and implement the RS enterprise-class fraud and risk management platform leveraging AI and ML which supports multiple payment products (cards, checks, ACH, RTP, etc.) on a single platform
  4. Advance your data, analytics, and business intelligence capabilities leveraging our expertise in AI/ML solutions
  5. Provide end-to-end testing, automation, and certification services for a broad spectrum of payment and non-payment messages (i.e. ISO8583, ISO20022, JSON., Etc.)
  6. Develop and implement a strategy to hollow out core systems for reusability, maintainability, and drive operational effectiveness and efficiency, that leads to cost reductions

Read about why leading payments brands trust RS Software

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