The original payments hub architectures are roughly 15-20 years old and not necessarily relevant in the new age of technology. The latest generation architecture allows for a new set of requirements, in particular open application programming interfaces (APIs), which need to interface with older systems without requiring major rewrites. The new generation of payments hubs are aimed at facilitating communication and integration with a wide variety of products and services. A new research report, Payments Hub Market and Vendor Solutions Overview: Technology Advances Offer a New Perspective, reviews nine vendor solutions with respect to key categories and attributes.
Interest in the payments hub space has grown during the past several years as new technology has become available that provides flexibility to manage a hub in different ways, migrating away from the predominantly bank-hosted deployments of the past. The new era reflects the increase in cloud delivery capabilities and as-a-service models that have appeal to broader asset classes of financial institutions lacking the capital expenditure resources to install and manage payments hub infrastructure. We chose an array of vendors who have solutions that continue to move in this direction, in order to better understand this new generation of hub capabilities.
Highlights of this research report include:
- A detailed framework to evaluate key categories and attributes associated with a payments hub.
- Vendor profiles and nine separate hub solution summaries.
- A summary comparison of all vendor solutions by key category.
- Recommendations for which vendors may suite particular bank delivery needs.
1. Executive Summary
3. Payments Hub Landscape
4. Vendor Solutions Review
5. Summary Assessment
6. Conclusion and Recommendations
Figures & Tables
Figure 1: Payments Hub Schematic Overview
Figure 2: Evaluation Framework for Payments Hubs
Figure 3: ACI Company Profile
Figure 4: Bottomline Technologies Company Profile
Figure 5: Finastra Company Profile
Figure 6: FIS Company Profile
Figure 7: Fiserv Company Profile
Figure 8: IBM Company Profile
Figure 9: Modo Company Profile
Figure 10: Temenos Company Profile
Figure 11: Volante Company Profile
Table 1: Payments Hub Categorical Analysis Summary
Table 2: Matching Payments Hub Needs with Solutions