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4th June 2020

How API is Propelling Payroll Technology

PayRun.io was recently acquired by Payescape. Stuart Hall from PayRun.io recently spoke with PYMNTS.com regarding the future of API solutions and payroll.

Centuries-old banks have been operating on decades-old infrastructure, leaving many traditional financial institutions (FIs) to stand idle and offer little in the way of digital-native products and services. That is, until FinTechs and challenger banks stepped onto the scene, jumpstarting financial services innovation in a whole new way.

As this evolution continues to unfold, neo-banks have demonstrated the value of entering into a market as a latecomer. The challenge of overhauling and upgrading legacy back-end operations has been, for many institutions, insurmountable. FinTechs, on the other hand, have leapfrogged over legacy technologies to form digital-native companies.

There is a similar shift occurring in another area of financial services, says Stuart Hall from PayRun.io, which was recently acquired by U.K.-based Payescape. Read the full PYMNTS.com article here: https://www.pymnts.com/news/b2b-payments/2020/payroll-gears-up-to-leapfrog-apis-faster-payments/

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