In order to meet market demands and compete effectively, banks must deliver new channels and payment types as quickly as possible and without risk to existing business. Distra delivers by breaking away from the legacy world with a modern, flexible, open standards based payment platform.
The Distra platform enables real time access across all payments channels and enables your payments processing channels to easily and effectively integrate into the rest of your key systems. Having access to real time information and more importantly reacting appropriately to that information can make the difference in customer retention, service, profitability and compliance of that customer. Be it an individual or a institution banking client.
Traditionally, payments architectures have been based on a 'silo' approach to deploying these applications. Internet banking for instance is rarely the same payments platform as ATM and the POS platform, likewise, the wholesale and corporate business. This complexity leads to high costs in delivering new functionality, integration of these systems, duplicity and overall slower to market deployment and all the while increased cost and complexity.
Taking a modern approach, these costs can be significantly reduced on a number of fronts:
- Total software acquisition costs are significantly cheaper
- Use of modern platforms, operating systems and databases and a non reliance on traditional fault-tolerant hardware systems and mainframe class servers
- Utilisation of contemporary staff skill sets
- Flexible licensing model not arbitrarily constrained by seats, CPUs or capacity
Real world reductions of up to 40-50% can be realised when comparing these cost benefits with existing legacy solutions.