SFF 2024 Session Recordings-Payments

“Is Your Digital Strategy Future-Ready? How Not to Get Stuck in the Past” - Powered by BPC

Written by GFTN | Nov 15, 2024 1:00:00 AM

Peter Theunis, SVP Europe at BPC, discusses the importance of digitalisation strategies for next-generation card processing platforms. He presented the findings of a survey on market trends and success factors.

Key Highlights

  • APIs: Nearly all players now offer APIs, so API availability is no longer a differentiator.
  • Licensing: Having regulatory licenses is not a key differentiator, as many players operate without them.
  • Innovation: It is noted that APIs and regulatory licenses are not primary success factors, but innovative features, cloud-native capabilities, and flexibility in integration are crucial. Emphasis is placed on the need for a versatile and innovative platform to remain competitive in the digital race. The speaker provides various case studies demonstrating the application of BPC’s Smart Vista platform in different global markets.


Conclusion
The digital race in card processing is won by innovative platforms that are flexible, cloud-native, and able to integrate third-party features easily. API openness and regulatory licenses are necessary, but not differentiators.

 

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Speaker:

  • Peter Theunis, SVP Europe, BPC