Here is an article based on the Business Wire French Language News:
EMEA Banks Prioritize Payment Modernization: Volante Report Highlights Critical Focus for the Year Ahead
A recent report from Volante, a leading provider of financial services technology, reveals a striking consensus among financial institutions in the Europe, Middle East, and Africa (EMEA) region. The study indicates that an overwhelming 99% of EMEA banks have identified the modernization of their payment systems as a top priority for the upcoming year. This near-universal commitment underscores the profound strategic importance of upgrading payment infrastructure in today’s rapidly evolving financial landscape.
The findings, published by Business Wire French Language News on July 15, 2025, suggest that banks are acutely aware of the imperative to adapt to changing customer expectations, regulatory demands, and the increasing pace of technological innovation in the payments sector. Modernizing payment systems is no longer merely an operational enhancement but a fundamental necessity for maintaining competitiveness and ensuring future growth.
While the report does not delve into the specific motivations behind each bank’s prioritization, several key drivers are commonly cited within the industry. These include the need to support real-time payments, enhance customer experience through faster and more seamless transactions, and improve operational efficiency and cost-effectiveness. Furthermore, the ongoing global push for greater financial inclusion and the rise of digital commerce necessitate robust and adaptable payment solutions.
The report’s emphasis on the EMEA region suggests a unified strategic direction across diverse markets within this expansive geographical area. This collective focus on payment modernization is likely to foster innovation and collaboration, potentially leading to significant advancements in the way payments are processed and experienced by consumers and businesses alike.
Financial institutions that embrace this modernization effort can expect to benefit from a range of advantages, including increased agility in responding to market changes, improved fraud detection and security, and the ability to offer a wider array of innovative payment products and services. Conversely, those that lag behind in upgrading their systems may find themselves at a competitive disadvantage, struggling to meet customer demands and navigate an increasingly digital-first world.
As banks across EMEA embark on this critical journey, the Volante report serves as a significant indicator of the industry’s forward-looking approach and its commitment to building a more efficient, secure, and customer-centric payments ecosystem.
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Business Wire French Language News published ‘La modernisation des paiements figure parmi les priorités de 99 % des banques de la région EMEA pour l’année à venir, d’après un rapport de Volante’ at 2025-07-15 22:14. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.