Payments Evangelism: Insights from Mike Jackson, ACI Worldwide | FF Salon at Sibos 2023

Payments Evangelism: Insights from Mike Jackson, ACI Worldwide | FF Salon at Sibos 2023

You know you are in for a treat when you attend any session with Mike Jackson, Chief Evangelist for ACI Worldwide. In his session at the recent Sibos conference, Mike did not disappoint. He brought his usual wit and wisdom to share valuable insights on the future of payments.

One of the most striking things that Mike said is that the payments industry is at a critical inflection point. The old ways of doing things are no longer sustainable. The rise of new technologies, the changing needs of customers, and the increasing regulatory complexity are all forcing the industry to rethink the way it operates.

Mike believes that the future of payments lies in collaboration. He said that banks and other financial institutions can no longer afford to go it alone. To stay competitive, they need to work together to create new solutions that meet the needs of their customers. Working together can help solve the unique challenges within the banking industry and enable them to take better advantage of the opportunities that lie ahead.

Another key theme of Mike’s presentation was the importance of innovation. He said that the payments industry is ripe for disruption. There are many new technologies that have the potential to transform the way we think about payments. Banks need to be willing to experiment with these new technologies to gain a competitive advantage.

In particular, Mike highlighted the potential of blockchain technology. He said that blockchain has the potential to revolutionize the way we process payments. It can make payments faster, cheaper, and more secure. Banks need to start exploring how they can use blockchain technology to improve their operations., and Fundingo can help.

Mike's session was a great reminder that the payments industry is changing rapidly. Banks need to be prepared to adapt to these changes if they want to stay competitive. By collaborating with others and investing in innovation, banks can position themselves for success in the future.

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