value team: cloud payments, vtpie enables them

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Cloud payments: VTPie enables them

Milan 25th May, 2010

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2

Times are changing

20102010

Rupert Murdoch:

“The world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow.”

Rupert Murdoch:

“The world is changing very fast. Big will not beat small anymore. It will be the fast beating the slow.”

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Evolution of cashless

200020001990199019801980…… 2010201019501950......18001800

Next years we will see big revolutions in payments systems thanks to the merger of mature technologies

(mobile, RFID, QR code, biometric recognition,...)

Next years we will see big revolutions in payments systems thanks to the merger of mature technologies

(mobile, RFID, QR code, biometric recognition,...)


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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

Actions

• 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


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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.”

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.”


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VT Finance: VTPie technology road-map

6

TechnologyInnovation

CostReduction

BPM

GridComputing

Innovative solutions based on a SOA architecture, fully modular, enabling path of gradual renewal.

Innovative solutions based on a SOA architecture, fully modular, enabling path of gradual renewal.

2008

2010SOA

The new modules are built as new processes, through the composition of services (free from channels, integration, …)

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 approachFocus on perfomance improving with a Grid Computing approach

Payment as a ServicePayment as a Service

2009

CloudComputing

2011


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TECHNOLOGY> 100% Java J2EE> 100% SOA

TECHNOLOGY> 100% Java J2EE> 100% SOA

VTPie overviewVTPie overview