‘A payment flow is a payment flow’: Finastra’s Paul Thomalla on the competitiveness of small banks in payments
- Big banks have the money and resources to build digital payment hubs.
- Finastra's Payments to Go wants to bring these came capabilities to the other 99% of banks.
Banks are hearing from their customers that they want better experiences — better experiences in banking, borrowing and in payments.
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Joining me today on the podcast is Finastra’s global head of payments, Paul Thomalla. The banking software provider recently launched a new product that makes it easier and quick for mid and small-tier banks in Europe to participate in real time payments. Paul describes how smaller banks can maintain a competitive edge in payments.
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The following excerpts were edited for clarity.
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