Author: Marc Winitz

What Do LEGOs and Card Processing Have in Common? (Agility)

What Do LEGOs and Card Processing Have in Common? (Agility)

LEGOs and Card Processing

During a recent interview with McKinsey Quarterly, Citigroup’s Head of Operations and Technology Don Callahan stated that the biggest risk for the financial services industry is “whether it will be able to move fast enough. Are we going be able to think and execute swiftly?” Callahan specifically pointed to the industry’s need for agility. He …

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Innovation at Scale with Agile Processing

Innovation at Scale with Agile Processing

Agile Processing: Innovation at Scale

We’re living in a real-time economy. Innovation is a critical imperative for financial institutions, as evidenced by a study from McKinsey & Co. which suggests that innovation laggards could see up to 35 percent of net profit eroded, while winners may realize a profit upside of 40 percent or more. In terms of payments innovation, …

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The Three Critical Elements of Agile Processing

The Three Critical Elements of Agile Processing

The payments industry is at a tipping point because a confluence of market forces and trends. Increased competition, new technologies, alternative issuers and evolving customer expectations in the new digital world are defining today’s market dynamics. To deliver the competitive, differentiated payments products today’s consumers demand, financial institutions, brands and card issuers need to be …

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