Value team: Cloud payments, VTPie enables them

Uploaded on

Value Team's lightning Talk at CloudCamp Milan 2010

Value Team's lightning Talk at CloudCamp Milan 2010

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
    Be the first to like this
No Downloads


Total Views
On Slideshare
From Embeds
Number of Embeds



Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

    No notes for slide


  • 1. Cloud payments: VTPie enables them Milan 25th May, 2010
  • 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. 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. SEPA and PSD really evolving market scenario of payments system International standardization of takings and payment services offer Adaptation of infrastructure systems Risk
    • Reduction in revenues and / or profit margins
    • Increased competition for new incoming payment Institutions
    • Absence of distinguishing value proposition
    • Investments mainly focused on adequacy to regulations
    • Low evaluation of Impacts on services levels
    • AOS definition of system and channel
    • Redefinition of own offering model
    • Minimize the impact on IT investments already incurred
    • Flexibility of solutions in view of both Client and STP
    *Additional Optional Services
  • 5. The users needs and the future of payment systems
    • Everything starts from Customer Experience. The payment has to be:
        • Simple and cheap
        • Secure
        • Fast
        • Multi-channel
      • … the old core banking solutions can’t do it .
    • The payment systems of the future have to be:
        • Flexible
        • Scalable
        • Service Oriented
    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. 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. TECHNOLOGY > 100% Java J2EE > 100% SOA VTPie overview