Payments traffic is like electricity: standard commodity but at the same time underestimated product base

The boundaries between payment transaction products and value-added services such as digital identities will merge into holistic solutions in the future.  Currently, payment transactions are often seen as a hygiene factor, but technology is changing their strategic importance. In the future, it will be about nothing less than maintaining the customer interface. Whether point-of-sale, eCommerce or P2P: almost every customer interaction ideally ends with a payment transaction. State-of-the-art payment solutions no longer have to be only regulatory compliant, practical and secure, but also differentiate themselves through value-added services such as loyalty or lending, run as far as possible in the background and can be processed in real time. Driven by competition and regulation, margins in payment traffic are under pressure. The scaling of corresponding solutions is therefore necessary for future success.
The resulting data flows are a valuable asset and, with the right strategy, become the basis for data-driven business models and promote up- and cross-selling potential. The (financial) industry is therefore required to use technological developments such as RTP, DLT, instant payments, invisible payments and open banking to create customer-friendly use cases. The necessary expertise, a holistic market view and the initiation of cooperations are critical for success. Thanks to a wide range of national and international references along the entire value chain, CORE has in-depth expert knowledge and supports clients from conception to implementation.

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Expert EN - Tobias Krück

Tobias Krück
Expert Director
Tobias
Krück

Tobias Krück is an Expert Director at CORE. Before joining CORE, Tobias worked as a project manager for a pan-European payment provider. As a consultant, he has many years of expertise in SEPA pay...

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Tobias Krück is an Expert Director at CORE. Before joining CORE, Tobias worked as a project manager for a pan-European payment provider. As a consultant, he has many years of expertise in SEPA payments, CSM, and payment methods. The focus of his work is on the conception, development, and go-live of new payment methods and payment instruments as well as core banking transformations and project management.

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