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AlmavivA Financial Platform for the "Payvolution"

AlmavivA Financial Platform for the "Payvolution"

17-11-2017

AlmavivA a Golden Partner of the Salone dei Pagamenti promoted by ABI

The payments industry is in a state of continuous flux. On one side, digital technologies provide totally new options for making payment processes ever more simpler, faster and secure at point of sale, even while on the move. On the other side, the introduction of European legislation has opened the market to new operators and to FinTech. In this scenario, banks are intensifying investment in the direction of effective instruments that respond to the changing needs of citizens and businesses.

AlmavivA is a Golden Partner of the Salone dei Pagamenti, promoted by ABI and running from 22 to 24 November at the MiCO conference centre in Milan – Italy’s leading forum for information, dialogue and discussion on the present and future of payments, and an innovation incubator for financial services.

"We have decided to open the Salone dei Pagamenti to the general public”, was the message to the press from Giovanni Sabatini, Director General of the ABI, “because the opportunities afforded by the digital sphere and innovative payment solutions should no longer be just a conference topic for insiders. They are determining factors in the competitiveness and development of the whole country. For this we need to involve everyone, from families and students to professionals, the VAT world, enterprises and academics. And, of course, industry operators: the banks, financial intermediaries, regulators and institutions.“

The 2016 edition of the Salone produced some impressive numbers: 4,000 people, 80 partners, 44 exhibitors and 300 contributors. The three days of the 2017 event promise to be equally well attended. There will be eight specialist areas: the Future of Payments, Bank (r)evolution, Mobile and Millennials, Cashless Shopping, Payments and the Digital Society, Regulatory Trends, FinTech & RecTech and Security.

For AlmavivA, Financial Services Manager Roberto Pierantoni will speak in the session "API Management and Digital Banking", to be held on the morning of November 23. The Conference will explore how the digital transformation is revolutionising the way we do banking and how Open APIs, enabled also by the great changes brought about by PSD2, are at the heart of a transformation that will enter the daily life of every customer.

AlmavivA offers banks a unique payment platform based on Open API logic, complementing the old legacy architectures: AlmavivA Financial Platform.

The platform is based on a Payment Service Hub, and the various processes are managed by an open source visual orchestrator integrated by AlmavivA and finished with various FinTech solutions. This hub centralises payment services and supports the processing of all kinds of operations (SCT, SCT-Inst, Target, SEDA, SDD, F24, cheques and debit/credit/prepaid/revolving/loyalty cards), through every customer interaction channel. The system is capable of interacting with the old core banking services that are retrieved through atomic services in Open API mode and therefore possibly eligible for resale or use by third parties on an API Economy basis. Banks will, of course, have access to the classic Payment Service Hub features via the AlmavivA Financial Platform; but on top of this they can benefit from value added services offered in modular form and on demand in the areas of data analytics, fraud prevention and detection. Applications derived from the FinTech world are also available.

Though the AlmavivA Financial Platform, banks will be able to offer customised products and services to retail and business customers, with a much lower than current time to market and in line with the expectations of business managers.

Find out more about the Salone dei Pagamenti and sign up to the site