Zeta

Financial institutions across the industry are recognizing the limitations of legacy-dependent systems. In their latest whitepaper, Datos Insights breaks down the four stages of card program maturity and shares tips on how you can upgrade your platform for better customer experiences and increased revenue, with a roadmap to moving in maturity. Download the full report and kickstart your journey to a transformative card program: https://lnkd.in/gnZxnpef

Excited to have had Alan Ng, Payments Technology Consulting Lead at Accenture, join us to discuss the new Datos Insights report on the evolution of card programs. Alan offers an intriguing perspective on how card transformation can be paradoxical at financial institutions—often, the decision-making process takes longer than the actual transformation. Watch the video, and for even deeper insights, download the complete whitepaper here: https://hubs.ly/Q02GKWHq0

Are your card programs keeping up with the pace of innovation? In a world where digital experiences are rapidly becoming table stakes, standing out is more challenging than ever. Today's customers demand more: enhanced security, full transparency, complete control, and true personalization. Delivering these on legacy systems is nearly impossible. And all this while, early adopters of modern card technology continue to raise the bar higher. Our latest blog dives into Datos Insights' new report and breaks down 8 key attributes driving innovation in top-performing card programs. If you’re leading a card program at a bank or credit union and are ready to break free from the legacy tech hamster wheel, these insights are your blueprint: https://hubs.ly/Q02GxLDt0 #datos #digitalexperience #cardprocessing #cardprograms #Zeta #NextGenProcessing

When it comes to innovation, many card issuers are in a state of learned helplessness." — Datos Insights, Escaping the Legacy Tech Hamster Wheel, June 2024. Card program execs are caught in a cycle of quick fixes to bolt modern features onto their legacy systems. These patch-work solutions quickly turn into a tangled mess, stifling innovation – especially when it comes to interconnected systems like loan origination and digital banking. But the top-performing card programs? They’re doing things differently.  The Datos report highlights why leading financial institutions are making the shift to modern card processing platforms. They asked card execs at these banks the pivotal question: why modernize? Here’s what they discovered:

In their new report "Escaping the Legacy Card Tech Hamster Wheel," David B. Shipper, Strategic Advisor at Datos Insights highlights the crucial need for issuers to modernize their card programs.He warns that issuers on legacy platforms are often the last to adopt new innovations or respond to market changes. Read the full report for his insights into achieving mature and high performing card programs: https://hubs.ly/Q02GhbJn0 #Zeta #NextGenProcessing #datos #digitalexperience #cardprocessing #cardprograms

The competitive landscape in card programs is fierce, but for many executives, the real battleground is their own aging tech. Datos Insights' new report highlights six market risks that reveal the limitations of legacy systems. 📌Some risks are market-led, impacting revenue and forcing card programs to follow digital innovators: 1. Customers are preferring digital-first experiences, affecting growth 2. Real-time data is driving blazing fast transaction experiences, affecting revenue as customers prefer to use non-bank offerings for payments 3. AI-adoption is widening the competitive gap with experiences that cannot be delivered on legacy platforms 📌Others are internal pressures, pushing execs to seek more agile, cost-efficient solutions: 1. COBOL programmers are retiring leaving issuers with a talent gap and unable to develop new products fast and cost-effectively 2. Branches no longer growth-drivers while competitors are driving rapid and cost effective growth on digital channels 3. Frequent system updates for regulatory changes require teams to be pulled away from new development projects for several months Which of these risks is shaping the tech choices for your card program?

Our CEO (APAC) and Global CTO, Ramki Gaddipati, recently shared his insights with Business Standard on the future of banking technology and the immense potential of UPI-based credit. In his interview, Ramki discussed the significant opportunities in providing credit through UPI, predicting that UPI transaction volumes using credit could reach $1 trillion by 2030. He emphasized the importance of readiness and the need for banks to scale their core systems to meet this growing demand. Discover more about our vision for the future of banking and how Zeta is leading the charge with cutting-edge technology: Read the full interview here: https://lnkd.in/gWVeDwrb #BusinessStandard #UPI #Credit #Zeta

With non-bank digital payments slated to overtake bank based digital payments by 2028, the urgency to modernize is undeniable. According to an IDC study, financial institutions risk losing 42% of payment-related revenue if they don’t migrate to modern platforms. And revenue is not the only risk driving modernization. We examine the current trends based on Datos Insights's recent report – Escaping the Legacy Card Tech Hamster Wheel – and delve into the 6 critical risks shaping the future of card programs. Read the blog to learn about these risks and how they might affect banks: https://hubs.ly/Q02FrbQ80 #Zeta #NextGenProcessing #datos #digitalexperience #cardprocessing #cardprograms

In the dynamic world of finance, clinging to old habits isn't an option. Our regulatory environment demands that compliance evolves alongside technology. If you missed our insightful webinar with our Chief Compliance Officer, Karla Booe, and the Consumer Bankers Association on achieving regulatory excellence with Next-Gen Compliance, catch the on-demand session now: https://hubs.ly/Q02Fm3bx0 #NextGenCompliance #BankingTech #RegulatoryUpdates

Facing a wave of intense regulatory scrutiny in 2024, US banks are under pressure to protect consumers amidst a rapidly evolving economy and payment landscape. Compliance pros, already burdened by complex and ever-changing regulations, are especially challenged by outdated legacy systems. Discover how Next-Gen Compliance is transforming the game with real-time updates, automation, and reduced manual processes. If you missed our live session, don't worry! Watch our on-demand webinar on Next-Gen Compliance, where our Chief Compliance Officer, Karla Booe, showcases the effortless process of updating Reg Z Credit Card Penalty Fees using next-gen technology. Watch now: https://hubs.ly/Q02FlTgP0 #NextGenCompliance #BankingTech #RegulatoryUpdates