Brazil’s Banks Modernizing Core Banking, Payment Services
Banks in Brazil are opting for more responsive core banking and payment platforms to fend off increasing market competition, according to a new research report published today by Information Services Group ( ISG ) (Nasdaq: III ), a leading global technology research and advisory firm.
- Banks in Brazil are opting for more responsive core banking and payment platforms to fend off increasing market competition, according to a new research report published today by Information Services Group ( ISG ) (Nasdaq: III ), a leading global technology research and advisory firm.
- Banks are modernizing by migrating their legacy systems to the cloud to gain agility and flexibility and to better meet the needs of their customers, ISG says.
- “The banking ecosystem is becoming more robust in Brazil with an increasing depth and variety of services,” said Owen Wheatley, lead partner, ISG Banking and Financial Services.
- The 2023 ISG Provider Lens™ Digital Banking Services report for Brazil evaluates the capabilities of 30 providers across three quadrants: Core Banking Technology and Integration Services, Payment Modernization Technology Services and Banking Business Process as a Service.