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:
How a digital twin approach involves abstracting balances from the Core to an “always-on” system to respond 24X7 to credit & debit requests
How better customer experiences are enabled with digital twins - including access to real-time payments as well as more control over finances, balances, and accounts
How API and event driven architecture leveraged by digital twins allows for efficient communication with critical systems that need to act on specific changes
How digital twins can be deployed in the cloud to scale as demand requires reducing operational risks and costs
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