ONPEX presents its integrated approach in Geneva and Las Vegas

In two recent articles for PaymentEye1 and GTNews2, we discussed the importance of an integrated approach to payments and banking as well as the need for a comprehensive modular solution that covers all industry requirements. As the rapid growth of online commerce fuels an equally remarkable development of payment technology, the market becomes ever more fragmented and users are faced with the trouble of finding a solution that is a perfect match for them.

Even though there are options for about any individual payment, banking, and cash management requirement, few span more than one segment of the industry. This is an increasingly painful point for businesses as they strive to present competitive offers to their customers while dealing with high infrastructure costs themselves. Consumer-facing businesses and B2B-providers of the payments value chain are inconvenienced by the absence of comprehensive connectivity, mismatched payment and banking technology, confusing international acquiring options, cumbersome reconciliation and billing, and inflexible customer as well as account management systems. The consequences are slow, expensive payments processes with separate, hard-to-reconcile banking and payment information flows. Even banks and Financial Institutions are affected by these issues. They mainly experience trouble in updating their legacy infrastructure and bringing it up to the speed of international corporate customers and consumers.

ONPEX recently showcased a range of solutions for these issues at sibos in Geneva. Being newcomers to “the world’s premier financial services event” that is organised by SWIFT in a different country every year, we were excited to meet the most important businesses of the banking sector, to take part in the extensive conference, and to discuss how our overlay transaction banking solutions can advance finance giants’ strategies.

As ONPEX is a Financial Institution and institutional SWIFT member, our PSD2- and PCI DSS-compliant solutions can be seamlessly integrated into banking infrastructures. Thanks to ISO 8583, ISO 20022 connectivity, and multi-network support, the white-label SaaS seamlessly connects the worlds of banking and payments. But it does not stop there: ONPEX modular technology allows creating customized solutions for any payment requirement and helps businesses streamline their cash management. The unique white-label solutions enables users to run all payment tasks from a single hub and is customizable for the special requirements of each payments and banking industry segment. The modules cover the entire payments value chain and eliminate the need for multiple tools and interfaces.

This is why we are headed next to Money 20/20 in Las Vegas, where we will present our payment technology and Financial services for PSPs, Acquirers, Processors, Marketplaces, and Financial Institutions from October 23-26 at booth #2630.

We look forward to seeing you!