News & Views - Savantor

New sources for solutions

Monday, 09 February 2015
More and more we are see financial institutions supporting - or outright running - competitions or events to try to identify and acquire new, innovative and beneficial ideas or technologies from an underutilised market - anyone interested in making a proposal. "Hackathons" and short-turnaround competitions are being used to attract new ideas (and more importantly, people that are able to formulate them) into finance in an attempt to energise an often slow-moving industry when it comes to technological evolution. Now it seems it is the turn of The Bank of England, which is looking at new ways to represent its historical archive of figures and statistics. Most of the time, the existence and results of these events don't make headline news - but they are becoming increasingly common as a broad acceptance comes over the industry that the relatively small pool of traditional providers cannot deliver innovation at the rate that new technology continues to become available. To be fair, trying to keep up with technology these days is always going to be a losing battle. Payments are evolving on many fronts from trying to expand the use of traditional payment instruments to inventing new payment methods and new currencies. However, this new tendency to look in new places for solutions may be of some concern to the existing players and therefore, ironically, the payments industry itself. As its key partners come under threat in other markets, there must be some unease with a potential risk to the long-term viability of the core platforms they provide. At the moment, this new trend seems confined to innovation in fringe areas of the market, but it is likely only a matter of time before it starts to be adopted in areas previously designated as a part of core processing capability.
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Acquirer Strategy and Operating Model

"Savantor brought an effective blend of European acquirer market expertise and transaction processing solution design. Their experts quickly forged strong working relationships with our team. We enjoyed working with them to create our future acquirer strategy."

Mikko Hyttinen, SVP - Lending Services - OP-Pohjola Group - Finland

Collections Transformation

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Peter O'Dea, Senior Manager - Collections Department - Permanent tsb bank - Ireland

Payments Workshop Material

"Savantor helped ACI build a payments onboarding workshop for new technical staff in ACI EMEA. Their extensive experience took our outline and built a great starting presentation of industry facts that we have now customised further into a half day session that is used for all new joiners. Our Americas and APAC regions have also taken the material and customised it for their regions. A great job by Savantor has meant new joiners to ACI hit the ground running."

Richard Sanders, Principal Solution Consultant - ACI - Worldwide EMEA

Issuer and Acquirer Transformation - Assessment and Mobilisation

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Lars Bostrom, Head of Cards - Nordea - Scandinavia

Business and Platform Strategy

"Savantor successfully advised Rabobank during preparing of the platform migration for cards. Savantor demonstrated thorough knowledge of business processes and market players combined with a practical approach."

Evert Fekkes, Business Information Manager - Rabobank - Nederland

Payments Platform Strategy and Sourcing

"We were in urgent need of external independent expertise to supplement our internal resources. Senior consultants had to quickly integrate with our team and actively contribute. Their experts quickly forged strong working relationships and delivered to our brief. We enjoyed working with them to develop our future platform strategy."

Evert R Fekkes, SVP - Payment & Savings Services - Rabobank Nederland

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"Savantor did a good job in helping us understand the dynamics of a key growth area for Trionis. Savantor's ability to listen and their degree of commitment have always impressed me. They have been of great help in providing us important market insights and I would not hesitate to work with them again in future."

Ernst Verbeek, Managing Director - Trionis - Belgium

Interchange Review

"Savantor did a superb job in confirming what we believed was an area of weakness. The detail we now have will enable us to agree internally what we need to do to improve structure, control and income. Nationwide management were very impressed with the quality of the Savantor team."

Adam Slater, Senior Manager - Banking - Nationwide Building Society - UK

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