Connect with us

Fintech PR

Finastra’s US Payments Business Forum underscores the value of modernization combined with peace of mind

Published

on

finastra’s-us-payments-business-forum-underscores-the-value-of-modernization-combined-with-peace-of-mind

Takeaways from the event highlight the importance of keeping the customer at the forefront of decision-making, while navigating an evolving and fast-moving industry

FORT LAUDERDALE, Fla., May 5, 2025 /PRNewswire/ — Finastra, a global provider of financial software applications, held its annual US Payments Business Forum, welcoming leaders from financial institutions across the United States to discuss industry trends, market dynamics, and product innovation. The event was hosted April 2-4 in Fort Lauderdale, Florida.  

 

Offering presentations featuring Finastra product experts, industry analysts, roundtable discussions, and panels, the forum emphasized the importance of putting customer needs at the forefront of the payments modernization journey. With ongoing market changes, increased customer demand for speed, and an evolving regulatory landscape, the event emphasized collaboration and two-way communication to help ensure banks have the knowledge, technology, and skills needed to compete in the fast-moving payments industry.

“Events like this demonstrate how crucial it is for all of us in the industry to come together, learn from one another, and brainstorm ways to better serve our customers,” said Eric Martinez, AVP Wire Transfer Manager at Amarillo National Bank.

Key takeaways from the three-day conference include:

  1. Mid-tier banks must modernize their payment infrastructure and migrate to hosted or SaaS solutions to keep ahead of customer needs: Presenters discussed how a significant majority of banks (92%) plan to increase their investment in payment technologies, with 80% identifying legacy systems as a key obstacle. Partnerships and cloud solutions can drive innovation in payment systems, enabling banks to enhance the customer experience and increase operational efficiency. End users are less tolerant of subpar functionality and are willing to seek out best-in-class solutions. Essentially, financial institutions can expect to follow the “If you build it, they will come” concept, ensuring that they are offering the solutions their account holders expect and need.
  2. Stop playing defense, play offense: According to Datos Insights, 89% of businesses are investing in payments tech, which creates mutual alignment between banks and customers. The opportunity exists for banks to capture this business spending before it flows to direct to customer fintech solutions. 39% of corporate treasurers at large and mid-size companies would switch financial institutions for better payment automation tools, while only 18% of businesses feel their primary bank’s reporting capabilities meet all their needs. These expectations are directly tied to the need for banks to go to market with more robust payment capabilities or risk losing clients to other banks or fintechs.
  3. ISO20022 standardization must be a priority: The deadline to implement ISO20022 messaging standards is delayed until July, but financial institutions must use this time to prepare. Presenters noted that 90% of US financial institutions are ready, while almost half have completed third party testing. Over the next three months, this gap must be bridged.
  4. An ecosystem of partners makes the industry stronger: To accelerate innovation and identify areas to improve the customer experience, it is important that financial institutions embrace the payments ecosystem of partners to better serve their needs. Fintech partners can provide additional services that augment existing ones, creating more opportunities to attract and retain customers.

“For many years, the US Payments Business Forum has been invaluable to financial institutions, offering vital insights into modernizing payment infrastructures and embracing an innovative tech stack. By adopting trends such as cloud migration and payment automation, banks and credit unions can enhance operational efficiency, meet evolving customer expectations, and stay competitive in a rapidly changing financial landscape,” said Barry Rodrigues, EVP Payments at Finastra. “This conference underscores the importance of continuous investment in payment technologies to drive innovation and secure a robust future for financial institutions. We thank our customers and partners for coming together for another productive discussion.”

The event was sponsored by Finastra partners Microsoft, Fincom, Orion Innovation, Federal Reserve Financial Services, Visa, SRA Consulting, The Clearing House, and Aspire Systems.

About Finastra
Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.

Logo: https://mma.prnewswire.com/media/1916021/5301023/FINASTRA_Logo.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/finastras-us-payments-business-forum-underscores-the-value-of-modernization-combined-with-peace-of-mind-302445961.html

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

Forbes Recognizes DXC’s Consulting Excellence in 2025 World’s Best Management Consulting Firms Ranking

Published

on

forbes-recognizes-dxc’s-consulting-excellence-in-2025-world’s-best-management-consulting-firms-ranking

ASHBURN, Va., May 16, 2025 /CNW/ – DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, has been named to the prestigious Forbes World’s Best Management Consulting Firms 2025 list for the third year in a row. Out of 955,000 consulting firms in the U.S., fewer than 0.02% made the ranking, which is based on a rigorous survey of 2,350 clients and peers across 33 categories.

“This recognition highlights DXC’s deep industry expertise and unwavering commitment to driving business transformation through consulting and engineering,” said Howard Boville, President, Consulting & Engineering Services – Powered by AI. “As enterprises accelerate their digital evolution in the era of AI, we continue to deliver intelligent, scalable and secure solutions that help our clients innovate, optimize and gain competitive advantages industries.”

The consulting sector remains one of the most dynamic and rapidly expanding areas within professional services. A recent analysis by the Business Research Company projects that the global management consulting market will exceed $1.07 trillion in 2025, growing from $1.02 trillion in 2024. By 2029, the market is expected to reach approximately $1.33 trillion. To help businesses navigate this vast industry and identify top consulting partners, Forbes and Statista have collaborated to create a definitive ranking of the world’s leading management consulting firms.

DXC earned recognitions in the following categories: Automotive, Digital Transformation, IT, Technology, Telecommunications, and IT Strategy & Implementation. With a global team of 50,000+ highly skilled engineers and consultants, DXC is driving innovation across industries like financial services; healthcare and life sciences; public sector; aerospace and defense; automotive and manufacturing, and more. From improving fraud detection in banking to enhancing safety in autonomous driving, we’re helping clients transform their operations and unlock the potential of AI. The complete list of honorees can be viewed on the Forbes website.

For more information on DXC Consulting and Engineering Services – Powered by AI, visit https://dxc.com/us/en/offerings/analytics-and-engineering 

Forward Looking Statements

All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent current expectations and beliefs, and no assurance can be given that any result, goal or plan set forth in any forward-looking statement can or will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.

About DXC Technology

DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.

Angelena Abate, Media Relations, [email protected]; Roger Sachs, CFA, Investor Relations, +1-201 259-0801, [email protected]

Advertisement

 

View original content:https://www.prnewswire.co.uk/news-releases/forbes-recognizes-dxcs-consulting-excellence-in-2025-worlds-best-management-consulting-firms-ranking-302457866.html

Continue Reading

Fintech PR

Axonify Uncovers the Training Disconnect Facing Gen Z Frontline Workers

Published

on

axonify-uncovers-the-training-disconnect-facing-gen-z-frontline-workers

New data shows personalized, mobile-first learning is essential to retaining and engaging the newest generation of frontline workers

WATERLOO, ON, May 16, 2025 /PRNewswire/ — Generation Z (Gen Z) is reshaping the workforce—and setting new expectations for how training should support their success. According to Axonify’s latest report, Polling the frontline: Gen Z’s training and skills gaps, more than three-quarters (77%) of frontline Gen Z workers have faced situations where insufficient job-specific skills and training hindered their ability to complete tasks effectively. In these moments, nearly two-thirds (62%) reported feeling overwhelmed and anxious, over half (55%) experienced embarrassment and 14% even considered quitting their jobs. This new data from Axonify, a global leader in frontline training and performance, reveals the urgent need for employers to rethink how they train and support the newest generation of frontline talent.

The report surveyed 500 U.S. Gen Z frontline workers to understand what’s working—and where training is falling flat. For many, training begins and ends at onboarding. One in three received training only when they started their role, while 37% say they don’t have enough time to learn on the job. Others describe the training they did receive as disengaging or irrelevant, with 34% reporting that the content lacked interest or practical value. These gaps have real consequences: 67% of Gen Z workers say more consistent training would help reduce burnout, and 81% believe they would stay longer in their jobs if they had better ongoing support.

For Gen Z frontline workers, it’s not just about how much training they get—it’s about how relevant and applicable it is. Many say the content they receive isn’t personalized, doesn’t reflect their day-to-day challenges or fails to build confidence. In fact, 24% of respondents said they didn’t feel more confident after completing training, highlighting deeper issues with how knowledge is being delivered and reinforced.

“These findings underscore the critical need for employers to rethink their training strategies to better support Gen Z workers,” said Dave Carter, Chief Revenue Officer at Axonify. “By providing personalized, engaging and accessible training programs, organizations can not only bridge existing skills gaps but also enhance employee confidence, productivity and retention. It’s clear that adapting to the preferences of this new generation is essential for building a resilient and effective frontline workforce.”

Gen Z workers aren’t resistant to training—they’re asking for more of it, delivered with purpose, relevance and flexibility. Half of the respondents (50%) want personalized training tailored to their roles and career goals. Meanwhile, 35% prefer short video modules that are quick and easy to understand and another 35% want the option to learn on mobile devices. The shift toward more personalized, continuous learning is reshaping how frontline organizations approach training and development—and Gen Z is shining a spotlight on what they need to succeed. When training reflects these real-life situations, workers report greater confidence (90%), productivity (82%) and job satisfaction (81%)—all of which drive better outcomes for employers.

“This generation is digitally native and eager for work,” said Carter. “When training is personalized, practical and accessible, it enables Gen Z to grow with your organization instead of out of it.”

Learn more about the state of Gen Z frontline training in full – Polling the frontline: Gen Z’s training and skills gaps

Survey methodology: Axonify surveyed 500 retail, hospitality and food and beverage frontline workers within Generation Z (age 18- 28) in the U.S. using the online insights platform Pollfish. This survey was completed in April 2025.

About Axonify
Axonify is the #1 frontline-forward training and performance platform used by companies like Walmart, Kroger and Foot Locker. Over 4M users in 160+ countries use Axonify to onboard and train in five minutes a day. With personalized, AI-powered microlearning, custom training content, embedded communication, task management and more, Axonify is revolutionizing the way frontline workers learn, connect and get things done. Axonify is headquartered in Waterloo, Ontario, Canada. For more information, visit axonify.com.

Advertisement

Media Contact:
Niveen Saleh
PR and Communications Manager
[email protected]

Logo – https://mma.prnewswire.com/media/2688968/Axonify_Logo.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/axonify-uncovers-the-training-disconnect-facing-gen-z-frontline-workers-302457330.html

Continue Reading

Fintech PR

NYSE Content Advisory: Pre-Market update + NYSE celebrates 233 years forward

Published

on

NEW YORK, May 16, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Kristen Scholer delivers the pre-market update on May 16th

  • U.S. equities trend higher, with the S&P 500 extending its win streak and closing just 3.7% below its record high, driven by easing trade tensions with China and softer-than-expected inflation data.
  • The Producer Price Index unexpectedly fell in April, and retail sales saw only a slight increase, both contributing to positive market sentiment this week.
  • As the NYSE celebrates its 233rd anniversary, it highlights major milestones including the launch of NYSE Texas and the trading innovations to allow efficient processing of historic message volume across its markets.

Opening Bell
The New York Stock Exchange welcomes ALS United to the podium to recognize ALS Awareness Month.

Closing Bell
The Asian American and Pacific Islander community celebrates AAPI Heritage Month at the NYSE’s 3rd Annual AAPI Bell Celebration.

Download the NYSE TV App and Subscribe Here 

NYSE Logo

Video – https://mma.prnewswire.com/media/2689434/NYSE_Market_Update_May_16.mp4
Logo – https://mma.prnewswire.com/media/2581322/New_York_Stock_Exchange_Logo.jpg 

Cision View original content:https://www.prnewswire.co.uk/news-releases/nyse-content-advisory-pre-market-update–nyse-celebrates-233-years-forward-302457768.html

Continue Reading

Trending