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Are banks ready for real-time?

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Manage episode 293538713 series 2919254
Content provided by FIS. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by FIS or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The way we bank has evolved from brick-and-mortar branches to an almost completely digital customer experience. So how will the next generation bank? According to Matt Lessig, Vice President of Next Generation Banking at FIS, real-time banking is the future of how money will move.

In season five of Financial Futures, we're focusing on banking's digital transformation, and why the switch to digital is no longer nice to have––it's a need. We'll unpack what this digitization trend looks like for banks, consumers, and communities.

In this episode, we’re talking about real-time banking with Matt Lessig. Matt explains what real-time solutions are available for financial institutions and how they’re being implemented. What role are fintechs playing in this switch? We’ll also talk about:

  • How did the posting process traditionally work?
  • What’s the difference between memo posting and real-time posting?
  • How does real-time banking cut costs?
  • What are some roadblocks to making the real-time switch?
  continue reading

49 episodes

Artwork
iconShare
 
Manage episode 293538713 series 2919254
Content provided by FIS. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by FIS or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

The way we bank has evolved from brick-and-mortar branches to an almost completely digital customer experience. So how will the next generation bank? According to Matt Lessig, Vice President of Next Generation Banking at FIS, real-time banking is the future of how money will move.

In season five of Financial Futures, we're focusing on banking's digital transformation, and why the switch to digital is no longer nice to have––it's a need. We'll unpack what this digitization trend looks like for banks, consumers, and communities.

In this episode, we’re talking about real-time banking with Matt Lessig. Matt explains what real-time solutions are available for financial institutions and how they’re being implemented. What role are fintechs playing in this switch? We’ll also talk about:

  • How did the posting process traditionally work?
  • What’s the difference between memo posting and real-time posting?
  • How does real-time banking cut costs?
  • What are some roadblocks to making the real-time switch?
  continue reading

49 episodes

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