Financial institutions face challenges in harnessing, managing, and operationalizing payments data, which results in operational inefficiencies and missed opportunities in dynamic pricing, performance management, and personalization.
Goals and Objectives
Use data-driven payments as a strategy that harnesses and operationalizes payments data. This data can be extracted from new, real-time, ISO 20022–based transactions or from existing wire, ACH, and SWIFT transactions. It will be normalized, unified, and operationalized to enhance management and efficiency at every point in the payment and settlement flow.
Big Data, analytics tools, and BI
Use Case Summary
Use data-driven payments as the bedrock of management capabilities, performance management, and automated payment repair.