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Payments Solutions

Blanc Labs helps you create seamless payment experiences. We are experts at implementing Payments Canada (PayCan) Real Time Rails (RTR) standards.

Payments Solutions
Facilitating Payments for enterprise organizations

Changing consumer expectations, alternative payment networks and increased focus on adopting the Real-time-Rails ISO 20022 standard are just a few factors that are compelling banks to upgrade their payments infrastructure. This poses a great opportunity for banks to build payment platforms that will stand the test of time. With our expertise in cloud enablement, AI and systems integration, we help banks modernize their payment platforms to be compliant, open, secure, and meet consumer needs.

Our Payments Capabilities

Payments Infrastructure

We assist enterprise organizations in establishing a strong foundation for open, efficient, and secure systems that facilitate innovative payment experiences.

Payments Integration

We are experts at integrating payment service provider (PSP) solutions with core banking systems.

Regulatory Compliance

Canada is introducing a new real-time fund transfer system that allows for more detailed payment data using ISO 20022. We are working with major financial institutions on implementing this system.

Open Banking

The open banking revolution is coming to Canada. We are at the forefront of open banking and open finance and have been members of the FDX (Financial Data Exchange) since its inception. 

Payments Innovation

Payments strategy, consulting and execution that enables banks and payment providers to win today and in the future.

Payments Innovation

Strategy

We provide support in developing a clear vision, selecting technology, aligning projects, and fostering collaborations within third-parties in the ecosystem through the use of data-driven tools.

Roadmap

Our experts assist in laying out smart and agile IT paths to build the foundations for payments infrastructure.

Services

Based on the strategy and roadmap, our developers build, test and run modern payment services that result in revenue.

Payments Insights

Financial Services
Advisory Services
Digital Transformation for Lenders
Articles

Lenders Transformation Playbook: Bridging Strategy and Execution

October 08, 2024
Learn More
Financial Services
Automation
BPI
Case Studies

Process Improvement and Automation Support the Mission at Trez Capital 🚀

July 29, 2024
Read Now
Trez Capital

Trez distributes capital based on very specific criteria. But with over 300 investments in their portfolio, they process numerous payment requests and deal with documents in varied data formats. They saw an opportunity to enhance efficiency, improve task management, and better utilize data insights for strategic decision-making.

Financial Services
AI
Digital Transformation
Articles

Align, Assemble, Assure: A Framework for AI Adoption

May 09, 2024
Learn More

An in-depth guide for adopting and scaling AI in the enterprise using actionable and measurable steps.

Financial Services
Advisory Services
Artificial Intelligence
Articles

Blanc Labs Welcomes Two New Leaders to Advance AI Innovation and Enhance Tech Advisory Services for Financial Institutions Across North America

May 07, 2024
Learn More

Blanc Labs and TCG Process have partnered to transform lending operations with innovative automation solutions, using the DocProStar platform to enhance efficiency, compliance, and customer satisfaction in the Canadian lending market.

Financial Services
Banking Automation
Enterprise Automation
Articles

Blanc Labs Partners with TCG Process to Integrate their Automation and Orchestration Platform and deliver Advanced Intelligent Workflow Automation to Financial Institutions

May 03, 2024
Learn More

Blanc Labs and TCG Process have partnered to transform lending operations with innovative automation solutions, using the DocProStar platform to enhance efficiency, compliance, and customer satisfaction in the Canadian lending market.

Financial Services
Business Process Improvement
Enterprise Automation
Articles

BPI in Banking and Financial Services in the US & Canada

April 23, 2024
Learn More
Business Process Improvement in Financial Services in US & Canada

Banking and financial services are changing fast. Moving from old, paper methods to new, digital ones is key to staying in business. It’s important to think about how business process improvement (BPI) can help.

Financial Services
Banking Automation
Business Process Improvement
Articles

Business Process Improvement vs Business Process Reengineering 

April 08, 2024
Learn More

Business process improvement vs. reengineering is a tough choice. In this guide, we help you choose between the two based on four factors.

Financial Services
Business Process Improvement
Articles

What is the role of a Business Process Improvement Specialist? 

February 16, 2024
Learn More
Business Process Improvement Specialist in Canada

A business process improvement specialist identifies bottlenecks and inefficiencies in your workflows, allowing you to focus efforts on automating the right processes.

Financial Services
API Management
Open Banking
Financial Services

Open Banking Technology Architecture Whitepaper

February 13, 2024
Learn More

We’ve developed this resource to help technical teams adopt an Open Banking approach by explaining a high-level solution architecture that is organization agnostic.

Insight
AI
Enterprise Automation
Articles

These are not your grandmother’s models: the impact of LLM’s on Document Processing

January 22, 2024
Learn More
These are not your grandmother’s models: the impact of Large Language Models on Document Processing

Explore the transformative influence of large language models (LLMs) on document processing in this insightful article. Discover how these cutting-edge models are reshaping traditional approaches, unlocking new possibilities in data analysis, and revolutionizing the way we interact with information.

Financial Services
AI
Digital Banking
Articles

Top Use Cases for Banking Automation

January 16, 2023
Learn More
Financial Services
API Management
Digital Banking
Articles

Finding the right API Management Platform

November 03, 2022
Learn More
Financial Services
API Management
Digital Banking
Articles

Open Banking in Canada: How Banks and Customers Can Benefit

September 15, 2022
Learn More
Financial Services
Banking Automation
Customer Experience
Articles

Transforming a Bank’s Value Network with Automation

August 11, 2022
Learn More
Financial Services
Digital Banking
Digital Transformation
Webinars

Decanting Digital Transformation with Equitable Bank

January 20, 2022
Watch Now
Financial Services
Advisory Services
Digital Transformation for Lenders
Articles

Lenders Transformation Playbook: Bridging Strategy and Execution

October 08, 2024
Learn More
Financial Services
Automation
BPI
Case Studies

Process Improvement and Automation Support the Mission at Trez Capital 🚀

July 29, 2024
Read Now
Trez Capital

Trez distributes capital based on very specific criteria. But with over 300 investments in their portfolio, they process numerous payment requests and deal with documents in varied data formats. They saw an opportunity to enhance efficiency, improve task management, and better utilize data insights for strategic decision-making.

Financial Services
AI
Digital Transformation
Articles

Align, Assemble, Assure: A Framework for AI Adoption

May 09, 2024
Learn More

An in-depth guide for adopting and scaling AI in the enterprise using actionable and measurable steps.

Financial Services
Advisory Services
Artificial Intelligence
Articles

Blanc Labs Welcomes Two New Leaders to Advance AI Innovation and Enhance Tech Advisory Services for Financial Institutions Across North America

May 07, 2024
Learn More

Blanc Labs and TCG Process have partnered to transform lending operations with innovative automation solutions, using the DocProStar platform to enhance efficiency, compliance, and customer satisfaction in the Canadian lending market.

Financial Services
Banking Automation
Enterprise Automation
Articles

Blanc Labs Partners with TCG Process to Integrate their Automation and Orchestration Platform and deliver Advanced Intelligent Workflow Automation to Financial Institutions

May 03, 2024
Learn More

Blanc Labs and TCG Process have partnered to transform lending operations with innovative automation solutions, using the DocProStar platform to enhance efficiency, compliance, and customer satisfaction in the Canadian lending market.

Financial Services
Business Process Improvement
Enterprise Automation
Articles

BPI in Banking and Financial Services in the US & Canada

April 23, 2024
Learn More
Business Process Improvement in Financial Services in US & Canada

Banking and financial services are changing fast. Moving from old, paper methods to new, digital ones is key to staying in business. It’s important to think about how business process improvement (BPI) can help.

Financial Services
Banking Automation
Business Process Improvement
Articles

Business Process Improvement vs Business Process Reengineering 

April 08, 2024
Learn More

Business process improvement vs. reengineering is a tough choice. In this guide, we help you choose between the two based on four factors.

Financial Services
Business Process Improvement
Articles

What is the role of a Business Process Improvement Specialist? 

February 16, 2024
Learn More
Business Process Improvement Specialist in Canada

A business process improvement specialist identifies bottlenecks and inefficiencies in your workflows, allowing you to focus efforts on automating the right processes.

Financial Services
API Management
Open Banking
Financial Services

Open Banking Technology Architecture Whitepaper

February 13, 2024
Learn More

We’ve developed this resource to help technical teams adopt an Open Banking approach by explaining a high-level solution architecture that is organization agnostic.

Insight
AI
Enterprise Automation
Articles

These are not your grandmother’s models: the impact of LLM’s on Document Processing

January 22, 2024
Learn More
These are not your grandmother’s models: the impact of Large Language Models on Document Processing

Explore the transformative influence of large language models (LLMs) on document processing in this insightful article. Discover how these cutting-edge models are reshaping traditional approaches, unlocking new possibilities in data analysis, and revolutionizing the way we interact with information.

Financial Services
AI
Digital Banking
Articles

Top Use Cases for Banking Automation

January 16, 2023
Learn More
Financial Services
API Management
Digital Banking
Articles

Finding the right API Management Platform

November 03, 2022
Learn More
Financial Services
API Management
Digital Banking
Articles

Open Banking in Canada: How Banks and Customers Can Benefit

September 15, 2022
Learn More
Financial Services
Banking Automation
Customer Experience
Articles

Transforming a Bank’s Value Network with Automation

August 11, 2022
Learn More
Financial Services
Digital Banking
Digital Transformation
Webinars

Decanting Digital Transformation with Equitable Bank

January 20, 2022
Watch Now
Financial Services
Advisory Services
Digital Transformation for Lenders
Articles

Lenders Transformation Playbook: Bridging Strategy and Execution

October 08, 2024
Learn More
Financial Services
Automation
BPI
Case Studies

Process Improvement and Automation Support the Mission at Trez Capital 🚀

July 29, 2024
Read Now
Trez Capital

Trez distributes capital based on very specific criteria. But with over 300 investments in their portfolio, they process numerous payment requests and deal with documents in varied data formats. They saw an opportunity to enhance efficiency, improve task management, and better utilize data insights for strategic decision-making.

Financial Services
AI
Digital Transformation
Articles

Align, Assemble, Assure: A Framework for AI Adoption

May 09, 2024
Learn More

An in-depth guide for adopting and scaling AI in the enterprise using actionable and measurable steps.

Financial Services
Advisory Services
Artificial Intelligence
Articles

Blanc Labs Welcomes Two New Leaders to Advance AI Innovation and Enhance Tech Advisory Services for Financial Institutions Across North America

May 07, 2024
Learn More

Blanc Labs and TCG Process have partnered to transform lending operations with innovative automation solutions, using the DocProStar platform to enhance efficiency, compliance, and customer satisfaction in the Canadian lending market.

Financial Services
Banking Automation
Enterprise Automation
Articles

Blanc Labs Partners with TCG Process to Integrate their Automation and Orchestration Platform and deliver Advanced Intelligent Workflow Automation to Financial Institutions

May 03, 2024
Learn More

Blanc Labs and TCG Process have partnered to transform lending operations with innovative automation solutions, using the DocProStar platform to enhance efficiency, compliance, and customer satisfaction in the Canadian lending market.

Financial Services
Business Process Improvement
Enterprise Automation
Articles

BPI in Banking and Financial Services in the US & Canada

April 23, 2024
Learn More
Business Process Improvement in Financial Services in US & Canada

Banking and financial services are changing fast. Moving from old, paper methods to new, digital ones is key to staying in business. It’s important to think about how business process improvement (BPI) can help.

Financial Services
Banking Automation
Business Process Improvement
Articles

Business Process Improvement vs Business Process Reengineering 

April 08, 2024
Learn More

Business process improvement vs. reengineering is a tough choice. In this guide, we help you choose between the two based on four factors.

Financial Services
Business Process Improvement
Articles

What is the role of a Business Process Improvement Specialist? 

February 16, 2024
Learn More
Business Process Improvement Specialist in Canada

A business process improvement specialist identifies bottlenecks and inefficiencies in your workflows, allowing you to focus efforts on automating the right processes.

Financial Services
API Management
Open Banking
Financial Services

Open Banking Technology Architecture Whitepaper

February 13, 2024
Learn More

We’ve developed this resource to help technical teams adopt an Open Banking approach by explaining a high-level solution architecture that is organization agnostic.

Insight
AI
Enterprise Automation
Articles

These are not your grandmother’s models: the impact of LLM’s on Document Processing

January 22, 2024
Learn More
These are not your grandmother’s models: the impact of Large Language Models on Document Processing

Explore the transformative influence of large language models (LLMs) on document processing in this insightful article. Discover how these cutting-edge models are reshaping traditional approaches, unlocking new possibilities in data analysis, and revolutionizing the way we interact with information.

Financial Services
AI
Digital Banking
Articles

Top Use Cases for Banking Automation

January 16, 2023
Learn More
Financial Services
API Management
Digital Banking
Articles

Finding the right API Management Platform

November 03, 2022
Learn More
Financial Services
API Management
Digital Banking
Articles

Open Banking in Canada: How Banks and Customers Can Benefit

September 15, 2022
Learn More
Financial Services
Banking Automation
Customer Experience
Articles

Transforming a Bank’s Value Network with Automation

August 11, 2022
Learn More
Financial Services
Digital Banking
Digital Transformation
Webinars

Decanting Digital Transformation with Equitable Bank

January 20, 2022
Watch Now

How will the introduction of ISO 20022 affect payments?

The introduction of ISO 20022 will have significant implications for payments, especially in terms of standardization, enhanced data capabilities, and improved interoperability. ISO 20022 will replace various formats used in different countries and regions. With its adoption, payments will become more standardized globally, leading to increased efficiency and consistency in cross-border transactions. The new RTR standard will promote interoperability between financial systems, enabling smoother communication and integration between different payment platforms and institutions. This, in turn, will facilitate straight-through processing (STP), reducing manual intervention and operational costs while accelerating payment processing times. It will support real-time payment, allowing for faster and more secure payment processing. And finally, the additional data provided by ISO 20022 will enables improved fraud detection and risk management processes. Financial institutions will be able to use the enriched data to analyze and monitor transactions for suspicious activities, enhancing overall security and mitigating potential risks.

What is Payments as a Service (PaaS)?

Payments as a Service (PaaS) is a solution that allows businesses to outsource their entire payment processing infrastructure to a third-party distributor. It offers a comprehensive suite of payment-related services and tools, enabling businesses to accept various payment methods, process transactions securely, and manage payment-related tasks without the need to build and maintain their own payment systems. Third-party distributors integrate digital banking services directly into the products of other non-bank regulated businesses and fintechs.

What is the role of API management as it relates to Payments?

APIs are key components in providing a mechanism for controlled access to data and information within an organization, both internally and externally. Therefore, it is important to examine and validate any existing APIs that will be exposed to external parties to ensure their validity and security. As a start, the organization needs to inventory, review and catalogue the existing APIs. The next step is to determine the need for new APIs to introduce new services or capitalize on existing fintech offerings. API Management is key to the success of payment services as providing access to the relevant APIs potentially creates a new revenue stream for the financial institution.

Modernize your Payments Platform