Leaders In Payments and FinTech - The EDC Podcast S03 Ep07: The Future of Money Movement: Convergence and Intelligence with ACI
Sep 22, 2025
Join Erich Litch, General Manager of Payments Software at ACI Worldwide, and Phil Bruno, Chief Strategy and Growth Officer, as they navigate the evolution of payment systems. They discuss the need for banks to modernize legacy platforms while emphasizing real-time payments and open banking. Explore how AI enhances fraud detection and transaction efficiency. Litch and Bruno also predict a future with more complex payment types, stressing the importance of orchestration in this rapidly changing landscape.
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Why Incremental Modernization Wins
- Banks rarely risk big-bang replacements because their systems process massive volumes and must run with near-100% availability.
- Regulatory complexity and organizational structure make incremental modernization the pragmatic path forward.
Modernize In Small, Safe Steps
- Modernize in phases: start with a single function or scheme rather than replacing everything at once.
- Combine proven legacy components with cloud-native modules to create a safe evolution path.
Group Modernization By Capability
- You can modernize by functionality rather than by rail, grouping payments by high-value, low-value, or card categories.
- This capability-first approach simplifies rollout and aligns modernization to business priorities.