Today's payments landscape is changing and financial institutions around the world have never been under so much pressure: regulation is increasing and customers are demanding improved service with ever more emphasis on convenience and simplicity. Legacy systems cannot adapt in a rapid and cost effective manner owing to the inflexibility and complexity of their design.
Extending the life of the legacy solutions exposes financial institutions to loss of market share and creates an inability to compete which will ultimately constrain the commercial operation of the business. Meanwhile, the impact of faster, easier to use, more flexible technology has aligned with the growth in expectations to change payments as we know them today.
TANGO, with its rapid development capabilities and SOA architecture, provides the ability to add value and to deliver new services to the market at a significantly lower cost of ownership.