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Issuers Wa...
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Pymnts

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Issuers Want Core Banking and Processing Relationships With a Single Provider

  • Card issuers are looking to modernize and digitize their operations, preferring to have a single provider for core banking and processing functions.
  • Modernization efforts, including upgrading back-end processes for transactions and regulatory compliance, are essential for capitalizing on digital shifts such as the issuance of virtual cards.
  • High-performing issuers are adopting various modernization methods to enhance customer lifetime value by offering automated issuance to digital wallets and account upgrades, leading to new revenue streams.
  • Financial institutions, including banks and FinTechs, are seeking issuer partners with advanced security features and flexible credentials, with a preference for providers offering a comprehensive suite of solutions for core banking and payment processing.

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