ACI Worldwide, a payments technology firm listed on Nasdaq, has integrated the payment capabilities of major UK, European Union (EU), and global networks into its cloud-native payments hub, ACI Connetic.
The integration includes Swift cross-border payments and RTGS payments such as Target2, SEPA Instant RT1, and TIPS payments, with plans to add more features in the future.
ACI Connetic combines account-to-account (A2A) and card payments with artificial intelligence (AI)-driven fraud prevention on a single cloud-native system. This innovation aims to streamline the process for banks and financial institutions by making payments infrastructure modernisation simpler, faster, and more cost-efficient.
According to ACI Worldwide, a recent report by Datos Insights highlights the importance of centralising payment systems for banks to stay competitive in the evolving payments landscape. The report suggests that centralising payment processing can help banks streamline operations, reduce complexity, improve efficiency, and drive business growth.
ACI Connetic caters to financial institutions of all sizes by allowing them to consolidate disparate systems and adopt a centralised approach for processing all payment types. It offers scalability and resilience while reducing risk and enabling faster delivery of new services to customers.
ACI Worldwide claimed that the platform is gaining popularity among financial institutions in Europe and the US due to its cloud-native architecture, modular design, and open APIs. These features facilitate easy integration with existing systems, accelerating deployment and enhancing value. ACI Connetic is suitable for banks seeking rapid modernisation without compromising on enterprise-grade capabilities.
ACI Worldwide president and CEO Thomas Warsop said: “ACI Connetic is not just a new product, it is a new standard for how banks must operate in the digital economy and approach payments transformation.
“Against the backdrop of increasing payments complexity, the rise of new technologies and a shifting regulatory environment, ACI Connetic empowers financial institutions to unlock new revenue opportunities and navigate compliance in order to drive growth and financial inclusion.”
