Most banks in the Unites States are still running on the same technology put in place in the 1980s. As a result, they are losing market share to digital-first non-bank financial players purpose-built for speed and convenience. With the nation increasingly embracing real-time payments, the shortcomings of traditional financial institutions’ inefficient, inflexible legacy infrastructure will further widen this gap.
Fortunately, getting banks ready to compete in this new era of real time isn’t an all or nothing game—and it’s far from over. Download our ebook The Time Is Now to Understand Real-Time Payments to learn:
- The fundamental aspects of real-time payments
- The strain real-time capabilities puts on legacy systems
- What banks must do now to adapt and compete