Legacy back-office payment systems have served banks and payment processors well for decades, but it’s clear they can no longer keep pace with new technologies. As the payments industry moves from card-based payments to digital payments, banks, and processors can no longer rely solely on long-held systems and in-house capabilities.

Check out this recent article in The Green Sheet by Casey Scheer about the importance of collaborating with the right fintech companies. BHMI wants to thank Marcia Klingensmith, CEO of FinTech Consulting; Anthony Serio, founder and CEO of Serio Payments Consulting; and Joyce Mehlman, Owner of iLEX Consulting Group for their valuable insights and contributions for this article.