ACI Worldwide, an innovation leader in global payments technology, is expanding its technology partnership ecosystem to help financial institutions around the world increase their operational resilience and meet evolving regulatory requirements to ensure the stability of the financial system.
Building strategic partnerships with Microsoft , Red Hat, and IBM , ACI is collaborating with MongoDB , a document-oriented NoSQL database, and Synadia Communications ‘ open-source NATS technology for the reference architecture of ACI Connectic , ACI’s unified, cloud-native payments platform. These partnerships are helping to expand ACI Connectic well beyond a traditional payments hub to deliver robust and highly functional payment engines to help financial institutions meet increasingly stringent non-functional requirements and increase resilience to potential disruptions.
Banks are increasingly under pressure to future-proof their payments infrastructure as the industry moves toward API-driven, globally distributed, real-time infrastructures. With legacy architectures struggling under the weight of new requirements and digital natives setting new standards for performance, availability, and innovation, regulators have urged banks around the world to strengthen their countermeasures and increase their operational resilience.
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New laws including Europe’s Digital Operational Resilience Act (DORA), the United Kingdom’s Operational Resilience Scheme, and Australia’s Prudential Standard CPS 230 “Operational Risk Management” -all require banks to adhere to strict guidelines for safeguarding against information and communications technology incidents. These regulations aim to improve banks’ operational resilience with the ultimate goal of protecting the economy and consumers from the impact of operational disruptions.
“Maintaining operational resilience in a fast-paced business environment represents a critical challenge for financial institutions,” commented Scotty Perkins, Head of Product for Banking and Intermediaries at ACI Worldwide. “ACI Connectic is designed not only to help banks future-proof their payment infrastructure, but also to address the increasing non-functional demands of modern payment systems. Our cutting-edge technology supports the resilience, scalability, and security of banks’ payment systems while simplifying the transition to cloud-based infrastructures to improve operational efficiency.”
ACI Connectic combines card and account-to-account processing on a single, unified platform to deliver a unique combination of proven payment capabilities, integrated fraud prevention, and state-of-the-art cloud architecture. Designed to meet the demands of today’s banking landscape, the platform gives financial institutions the flexibility, scalability, and resilience they need to remain competitive in an increasingly complex payments landscape.
Source: BusinessWire