In this episode, Mark Beresford and Amine Saidi of Edgar, Dunn & Company talk with Erich Litch, General Manager of Payments Software, and Phil Bruno, Chief Strategy and Growth Officer at ACI Worldwide, about how banks can modernize legacy platforms without risking a full-scale overhaul. From convergence across payment rails to the growing role of orchestration, they explain why modernization is no longer optional for financial institutions.
They also explore how real-time payments are reshaping global markets—from Brazil’s Pix to India’s UPI—while open banking creates new opportunities for value-added services. Erich and Phil share how AI and emerging agentic AI are being used to fight fraud, streamline transactions, and automate back-office tasks, helping banks compete with fintechs on speed and customer experience.
Join us as we explore how modernization, AI, and new payment models are redefining financial services worldwide.
In this episode:
- Modernizing legacy banking platforms without full-scale replacement
- Convergence across payment rails as a driver of efficiency and flexibility
- Real-time payments adoption in Brazil, India, and the US
- Open banking as an enabler of value-added services and innovation
- AI in payments intelligence: fraud detection, transaction optimization, customer experience
- Emerging role of agentic AI in automating back-office tasks
- Stablecoins and cross-border crypto transfers as future payment options
- Payments innovation’s potential for financial inclusion—and its cost challenges
- Why traditional banks remain the backbone of global financial systems
Resources:
LinkedIn (Erich Litch): https://www.linkedin.com/in/erich-litch-500548
LinkedIn (Philip Bruno): https://www.linkedin.com/in/phil-bruno
Website: https://www.aciworldwide.com
