Collabera
 
Financial Services
Payments
Financial institutions spend millions annually to support the various payment methods in use. Each of the largest U.S. financial institutions spends $300 million or more per year on payments processing. The greatest proportion of that spend is directed to create and leverage client interfaces for competitive advantage.
It is no secret that financial institutions see their payments franchise at risk. Their role has become that of a commodity provider, while the value-added aspects of payments are cherry-picked by technologically advanced companies. A silo based payments channels that create redundant costs and inefficient communications is also hindering development.
Collabera's Payments services help institutions by consolidating their payments platforms, identifying cost-effective methods for lowering the cost per transaction, helping them transition from checks to electronic payments, and create seamless payment channels by integrating with their customers payments systems.
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Case Studies
Collabera automated the testing processes for the world's leading provider of distributed check capture solutions to achieve 50% cost savings across its product suites.
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Contact Us
Get in touch with Collabera's financial services team to find out how we can make technology work for you.