What We Do

What We Do

MPS brings an extensiveness of expertise to our work with clients, starting at the top with payments strategy and developing roadmap and plan to address the rapidly changing corporate and payment landscape.

Payment systems and infrastructure are practically the backbones for both transaction banking and relationship-oriented banking. World over, there is a move towards increased standardization (through formats such as ISO 20022). There is also the regulatory and industry push to make payments simpler and fee-wise more accessible for consumers (as in PSD2 with Open Banking standards).

However, transition to these new processes and technologies is still fraught with settlement or liquidity issues as well as operational challenges
(e.g. failed payments), which have been adding to the back-office costs at banks, thus further diluting the focus on customers amid FinTech payment players and payment banks.

An interesting facet of the payments industry is payment cards. While earlier predicted by some as being on the ebb in their lifecycle, card transactions have grown very fast over the last few years. They have gained importance as a product for improving customer stickiness even with the rapid advent of digital wallets and mobile payments. Cards now present an opportunity for cementing better relationships with co-branding, rewards, and loyalty programs.

At MPS, we recognize all of the above. We have a track record of servicing the largest banks in the industry, who have themselves been pioneering new payment technologies and innovative integrated payment solutions that also accord due to importance to privacy and data security requirements.

We have handled some of the most complex payment landscapes (between the spectrum of standalone card systems and those moving across a multitude of systems across entities and borders) and have conducted complex development, mission-critical migration, and testing programs.

With extensive domain-centric experience and our resolute theme of automation, we have capabilities to increase STP, bring down operational costs rapidly, and keep them predictable over the longer term. Accordingly, we are focusing on capabilities in the below areas to address aforesaid challenges and opportunities.

CORE SOLUTIONS

A team is not just defined by the time spent together during office hours. Lasting connections are forged by enjoying time together at and outside of work. We build a long lasting relationship with our customers that rely on quality, trust, values and delivering measurable results.