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Payment Processing Engines and Implementation Models : A strategic decision for banks

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Banking industry has been witnessing technology led disruptions, driving banks and financial institutions at large to embrace, adapt and leverage on this technology focused  new world order.  With the arrivals of Fintechs, to this already complex and competitive game of pocketing bigger slice of the money pie, the industry is experiencing a large scale transformation and vibrancy in the Payments space with the entire ecosystem including the Regulatory organisations, intermediaries, banks and financial institutions, technology solution providers and customers contributing and playing their part effectively. For Banks to continue to compete in the payments business and improve the market and revenue share, selecting the right payments solution and its implementation model is of paramount importance; and this selection definitely is not based on a "one-size-fits-all" formula.  The payment engine which is most suitable for a particular bank depends on multitude of factors: (1...