Omdia Universe Payment Hubs 2024-25 Report

This document is a research report titled 'Omdia Universe: Payment Hubs, 2024–25' that outlines the evolving landscape of payment hub solutions for financial institutions. It discusses the necessity for banks to adopt modern payment hubs to enhance operational efficiency and foster innovation in response to changing market demands. The report emphasizes the importance of understanding various payment hub capabilities to strategically implement solutions that align with payment transformation goals. It evaluates vendors based on their ability to meet market requirements, focusing on core functionalities such as product support, architecture, and integration capabilities. The report also categorizes vendors into market leaders, challengers, and prospects, highlighting their strengths and potential for growth. Furthermore, it addresses the increasing pressure on payment organizations to achieve efficiency and revenue growth while adapting to new payment types and regulatory changes. The insights provided aim to assist C-level executives and IT directors in selecting appropriate payment hubs for their institutions.