Cloud payments:  VTPie enables them Milan 25th May, 2010
Times are changing 2010 Rupert Murdoch:   “ The world is changing very fast. Big will not beat small anymore.  It will be ...
Evolution of cashless  2000 1990 1980 … 2010 1950 ... 1800 Next years we will see big revolutions in payments systems than...
SEPA and PSD really evolving market scenario of payments system  International standardization  of takings and payment ser...
The users needs and the future of payment systems <ul><li>Everything starts from Customer Experience. The payment has to b...
VT Finance: VTPie technology road-map Technology Innovation Cost Reduction BPM Grid Computing Innovative solutions based o...
TECHNOLOGY > 100% Java J2EE > 100% SOA VTPie overview
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Value team: Cloud payments, VTPie enables them

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Value Team's lightning Talk at CloudCamp Milan 2010

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Value team: Cloud payments, VTPie enables them

  1. 1. Cloud payments: VTPie enables them Milan 25th May, 2010
  2. 2. Times are changing 2010 Rupert Murdoch: “ The world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow.” 2000 1990 ... 1970 ... 1930
  3. 3. Evolution of cashless 2000 1990 1980 … 2010 1950 ... 1800 Next years we will see big revolutions in payments systems thanks to the merger of mature technologies (mobile, RFID, QR code, biometric recognition,...)
  4. 4. SEPA and PSD really evolving market scenario of payments system International standardization of takings and payment services offer Adaptation of infrastructure systems Risk <ul><li>Reduction in revenues and / or profit margins </li></ul><ul><li>Increased competition for new incoming payment Institutions </li></ul><ul><li>Absence of distinguishing value proposition </li></ul><ul><li>Investments mainly focused on adequacy to regulations </li></ul><ul><li>Low evaluation of Impacts on services levels </li></ul>Actions <ul><li>AOS definition of system and channel </li></ul><ul><li>Redefinition of own offering model </li></ul><ul><li>Minimize the impact on IT investments already incurred </li></ul><ul><li>Flexibility of solutions in view of both Client and STP </li></ul>*Additional Optional Services
  5. 5. The users needs and the future of payment systems <ul><li>Everything starts from Customer Experience. The payment has to be: </li></ul><ul><ul><ul><li>Simple and cheap </li></ul></ul></ul><ul><ul><ul><li>Secure </li></ul></ul></ul><ul><ul><ul><li>Fast </li></ul></ul></ul><ul><ul><ul><li>Multi-channel </li></ul></ul></ul><ul><ul><li>… the old core banking solutions can’t do it . </li></ul></ul><ul><li>The payment systems of the future have to be: </li></ul><ul><ul><ul><li>Flexible </li></ul></ul></ul><ul><ul><ul><li>Scalable </li></ul></ul></ul><ul><ul><ul><li>Service Oriented </li></ul></ul></ul>Robert Hunt (research director in the Retail Banking Practice at TowerGroup) : “ Most European banks are using core banking systems designed in the 1980s. These systems could not anticipate changes such as the internet, 24/7 banking, and cross-border mergers. To effectively compete in this new environment, banks will need to replace their core systems.”   
  6. 6. VT Finance: VTPie technology road-map Technology Innovation Cost Reduction BPM Grid Computing Innovative solutions based on a SOA architecture, fully modular, enabling path of gradual renewal. 2008 2010 SOA The new modules are built as new processes, through the composition of services (free from channels, integration, …) Focus on perfomance improving with a Grid Computing approach Payment as a Service 2009 Cloud Computing 2011
  7. 7. TECHNOLOGY > 100% Java J2EE > 100% SOA VTPie overview
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