20130314-The Five Main Reasons Banks Engage In Replatforming

It’s common knowledge within the payments industry that many banks are replatforming their payments operations, but are you familiar with their motives to do so? According to an Accenture white paper, regulations, geographic expansion and technological issues all come into play, as do some other key catalysts for payments transformations. What are the biggest challenges banks face as they aim to replatform?