Technology Record - Issue 26: Autumn 2022

135 F I NANC I A L S E R V I C E S Reda Gadiri Principal Consultant, Orbus Software “To deliver a new digital payments strategy, banks can leverage the agility offered by running payment services in the cloud. Thanks to an on-demand infrastructure, they only pay for what they use, which brings cost-saving opportunities as well as an increased level of resilience and security. As a result, they can better cope with accrued demand and avoid the traditional pain points and single points of failure of on-premise infrastructure. What’s more, cloud-enabled platforms not only improve the number of risk models and risk projections at a given time, but they also improve the accuracy of the analysis thanks to real-time data feeds and productivity gains, enabling better and faster decision-making.” “Paymentology’s codebase was written specifically for the cloud, so it takes true advantage of its innate benefits of security, uptime and scalability. Not only does our cloud profile enable us to deploy exceptionally fast and seamlessly as a shared instance, but also as a dedicated in-country instance, enabling banks within changing regulatory environments. This means our customers can confidently grow their businesses without worrying about growing their infrastructure. The next factor is how we harness the real-time data the cloud affords us. The flexibility of our platform along with our FAST feed means our customers can really make the most of rich, actionable card-spend insights to understand and leverage expectations.” Michal Jerabek Chief Product and Marketing Officer, Paymentology

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