BearingPoint is helping you to reshape your business model, become more efficient, save costs, and increase STP-rates (straight through processing) by supporting you to introduce payment innovations.

In the sharing economy (pay-as-you-go) and the internet of things world a growing number of business models is based on real-time transactions. Additionally, transactions are becoming smaller and more frequent.

Supporting the evolution of the European economy, the European institutions are following overarching interests:

  • Standardization of technology to decrease costs and support integration and competition,
  • independence of critical European infrastructure to ensure financial stability,
  • new real-time technologies to enable a prosperous development of the European economy,
  • and last but not least the protection of the interests of the European citizens to guarantee data security and fair competition. 

In this changing world the European banks have to evolve their service and product offering to remain competitive.

This is reflected by numerous initiatives and projects which accelerate the developments in the European payment landscape:

  • TARGET 2 consolidation (T2) and SWIFT ISO migration
  • Request to pay (RTP)
  • European payments Initiative (EPI)
  • Central Bank Digital Currency (CBDC)
  • Open banking/ API banking

We support you to rethink value-adding services, increase efficiency and ensure compliancy by introducing payments innovations to your organization. 

Would you like more information?

If you want to get more information about this subject please get in touch with our experts who would be pleased to hear from you.