PagoNxt Payments has achieved a significant milestone by receiving a prestigious award from The Banker for its outstanding innovation in payment solutions. This recognition highlights our dedication to advancing the payments landscape and meeting the dynamic needs of financial institutions globally.
The award was part of the 2024 Innovation in Digital Banking Awards, which attracted 132 submissions from banks and technology providers across 18 categories. This year’s competition highlighted a wide range of banking services, emphasizing the critical role of digital transformation and the integration of cutting-edge technologies, including generative artificial intelligence. A distinguished panel of industry judges assessed each entry based on its impact, performance metrics, and creative problem-solving capabilities.
At the heart of this recognition is PagoNxt Payments’ state-of-the-art technology platform designed to enhance account-to-account (A2A) payment processing. By utilizing advanced technology, the company has developed solutions that not only optimize efficiency and security but also adapt seamlessly to the evolving regulatory environment.
As the volume of digital transactions continues to rise, the demand for modernized payment solutions has never been more pressing. PagoNxt Payments addresses this need with Payments Hub, a cloud-native platform that connects diverse payment schemes across Europe and the Americas. This strategic approach enables financial institutions to streamline their payment processes, improving service delivery and significantly reducing operational costs.
José Luis Calderón, CEO of PagoNxt Payments, commented, “Payments Hub brings together the foundational capabilities required to deliver highly innovative services to our clients on a single platform. Our streamlined payments processing in the cloud facilitates the value-added services we are integrating into the platform, such as instant payments, real-time foreign exchange, AI to combat fraud and financial crime, and more. Together, these enhancements elevate the payments experience for our bank's customers.”
This recognition highlights PagoNxt Payments’ dedication to adopting modern processes and emerging technologies that drive innovation for the Santander Group and beyond. As the financial industry continues to evolve, PagoNxt Payments remains committed to providing fast, secure, and reliable payment solutions tailored for financial institutions, non-banking financial institutions, and global corporations to help accelerate their growth.
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PagoNxt Payments has achieved a significant milestone by receiving a prestigious award from The Banker for its outstanding innovation in payment solutions. This recognition highlights our dedication to advancing the payments landscape and meeting the dynamic needs of financial institutions globally.
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PagoNxt Payments, a company within the Santander Group, has achieved a major milestone with its innovative product, Payments Hub.
Imagine this scenario: It’s a busy Thursday morning in the operations department of a large financial institution. The team is deep into their routine of processing payments when one team member notices an alarming issue: a substantial payment—well over $100,000—has been processed multiple times. In a matter of seconds, the atmosphere shifts as the team faces a complex situation with financial and reputational implications.