---
title: Modernizing Payments | Matera Javelin Whitepaper
description: This report focuses on a novel approach to helping financial institutions navigate the vexing problem of updating outdated, legacy core banking systems.
image: https://insight.matera.com/hubfs/Matera-Modernizing-Payments-Whitepaper-Social.jpg
---

Whitepaper

# Modernizing Payments:

### The Digital Twin Approach

![graphic](https://insight.matera.com/hs-fs/hubfs/graphic.png?width=468&height=371&name=graphic.png)

The rapid pace of change in financial services and payments has created a challenge for financial institutions, one that must be met quickly if they are to remain competitive; FIs must modernize their systems to meet the rising consumer demands for instant payments and mobile transactions.

In this whitepaper, Javelin looks at Matera’s promising solution – the digital twin approach to payments.

Digital Twin offers banks the opportunity to satisfy user demands immediately without replacing aging core banking platforms and also puts those FIs on a path toward modernizing their critical systems.

### In this whitepaper, you'll learn:

- Recommendations for modernizing critical core and payment systems
- How legacy technology is holding FIs back from meeting consumer expectations
- How a digital twin approach provides a path to payment and system modernization
- How to begin your modernization journey

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