[{"data":1,"prerenderedAt":503},["ShallowReactive",2],{"nav_featured_podcast":3,"nav_featured_press_release":21,"navigation_content":30,"payment_insight:how-traditional-banking-tech-infrastructure-is-being-transformed":378},{"uid":4,"title":5,"episodeLabel":6,"dateLabel":7,"episodeArt":8,"href":20},"from-payment-rails-to-connectivity","From Payment Rails to Connectivity, with The Clearing House's David Watson","EPISODE 5","August 18, 2026",{"dimensions":9,"alt":12,"copyright":13,"url":14,"id":15,"edit":16},{"width":10,"height":11},1064,652,"Payments Cannot Fail — Episode 05 with David Watson",null,"\u002F_prismic-media\u002Fd80df2e47c3ecb6f-cFcyPAgzKCMQEaND_Episode-05-David.jpg","cFcyPAgzKCMQEaND",{"x":17,"y":17,"zoom":18,"background":19},0,1,"transparent","\u002Fresources\u002Fpodcasts\u002Ffrom-payment-rails-to-connectivity",{"uid":22,"title":23,"tag":24,"dateLabel":25,"imageUrl":26,"imageAlt":27,"href":28,"imageFit":29},"form3-expands-strategic-partnership-with-sumup","Form3 expands strategic partnership with SumUp to bring real-time SEPA payments to millions of European small businesses","EU","February 25, 2026","\u002F_prismic-media\u002F3e91177f91478610-QA44Gzev0_tdg3ZI_SumUp.jpg","sumup","\u002Fresources\u002Fpress-releases\u002Fform3-expands-strategic-partnership-with-sumup","cover",{"header":31,"platform":59,"solutions":91,"developers":133,"company":155,"resources":184,"partnerships":208,"footer":220,"mobile":325},{"ctaLabel":32,"ctaHref":33,"topNav":34},"TALK TO OUR TEAM","\u002Fcontact",[35,39,43,47,51,55],{"label":36,"href":37,"key":38},"Platform","\u002Fplatform","platform",{"label":40,"href":41,"key":42},"Solutions","\u002Fsolutions","solutions",{"label":44,"href":45,"key":46},"Developers","\u002Fdevelopers","developers",{"label":48,"href":49,"key":50},"Company","\u002Fcompany","company",{"label":52,"href":53,"key":54},"Resources","\u002Fresources","resources",{"label":56,"href":57,"key":58},"Partnerships","\u002Fpartnerships","partnerships",{"sectionEyebrow":60,"primary":61,"productLinks":65,"enterprise":81,"trustFabric":86},"Explore the Platform",{"heading":62,"body":63,"ctaLabel":64,"ctaHref":37},"Our Payments Platform","A resilient, cloud-native platform powering real-time account-to-account payments at global scale.","See How It Works",[66,69,72,75,78],{"label":67,"href":68},"Payments Processing & Gateway","\u002Fpayments-processing-gateway",{"label":70,"href":71},"Orchestration & Intelligent Routing","\u002Forchestration-intelligent-routing",{"label":73,"href":74},"Payments Simulator","\u002Fpayments-simulator",{"label":76,"href":77},"Sponsor Bank Enablement","\u002Fsponsor-bank-enablement",{"label":79,"href":80},"Informed UI","\u002Finformed-ui",{"heading":82,"body":83,"ctaLabel":84,"ctaHref":85},"Form3 Enterprise","Deploy and manage proven cloud-native payments technology in the environment that works for your institution.","Deploy Enterprise","\u002Fplatform\u002Fenterprise",{"heading":87,"body":88,"ctaLabel":89,"ctaHref":90},"Form3 Trust Fabric","Manage TLS certificates, cryptographic vulnerabilities and quantum readiness at scale, with continuous visibility.","Deploy Trust Fabric","\u002Fplatform\u002Ftrust-fabric",{"regionsIntro":92,"regions":98,"industries":118},{"eyebrow":93,"heading":94,"headingLine2":95,"body":96,"ctaLabel":64,"ctaHref":97},"Regions","Global Reach.","Regional Expertise.","A proven payments platform serving organizations worldwide, with specialized experience across North America, United Kingdom, and Europe.","\u002Fglobal",[99,108,113],{"label":100,"description":101,"ctaLabel":102,"href":103,"extraLinks":104},"North America","Real-time infrastructure, through a resilient, multi-cloud platform built for scale and regulatory confidence.","US HOME","\u002Fsolutions\u002Funited-states",[105],{"label":106,"href":107},"CANADA HOME","\u002Fsolutions\u002Fcanada",{"label":109,"description":110,"ctaLabel":111,"href":112},"United Kingdom","Powering account-to-account payments at the heart of the UK financial ecosystem, with proven resilience.","UK HOME","\u002Fsolutions\u002Funited-kingdom",{"label":114,"description":115,"ctaLabel":116,"href":117},"Europe","Enabling secure, real-time and SEPA payments across European markets through a unified, cloud-native platform.","EUROPE HOME","\u002Fsolutions\u002Feurope",{"eyebrow":119,"links":120},"Industries",[121,125,129],{"label":122,"href":123,"iconSrc":124},"Financial Services","\u002Fsolutions\u002Findustries\u002Ffinancial-services","\u002F_prismic-media\u002F29c09c45caa89db9-kbUHZmgTmuIMbo1t_FinancialServices_menu.svg",{"label":126,"href":127,"iconSrc":128},"Fintech","\u002Fsolutions\u002Findustries\u002Ffintech","\u002F_prismic-media\u002F6de3e7cb4dd8d874-SjwNe6Nh-bbuTi0P_Fintech_menu.svg",{"label":130,"href":131,"iconSrc":132},"Government","\u002Fsolutions\u002Findustries\u002Fgovernment","\u002F_prismic-media\u002Fe71bc3a74a1d2142-kaGgdituzKDnVTbm_Government_menu.svg",{"engineering":134,"api":142,"pressEyebrow":154},{"eyebrow":135,"links":136},"Engineering",[137,139],{"label":135,"href":138},"\u002Fengineering",{"label":140,"href":141},"Accreditations","\u002Faccreditations",{"eyebrow":143,"links":144},"API",[145,148,151],{"label":146,"href":147},"API Docs","https:\u002F\u002Fwww.api-docs.form3.tech\u002F",{"label":149,"href":150},"API Tutorials","https:\u002F\u002Fwww.api-docs.form3.tech\u002Fapi\u002Ftutorials\u002Fgetting-started\u002Fintroduction",{"label":152,"href":153},"API Status","https:\u002F\u002Fstatus.form3.tech\u002F","Latest Press Release",{"about":156,"people":171,"podcastEyebrow":183},{"eyebrow":157,"links":158},"About",[159,162,165,168],{"label":160,"href":161},"Our Story","\u002Fcompany\u002Four-story",{"label":163,"href":164},"Our Team","\u002Fcompany\u002Fteam",{"label":166,"href":167},"Our Success & Strategic Approach","\u002Fcompany\u002Four-success",{"label":169,"href":170},"Customer Stories","\u002Fcompany\u002Fcustomer-stories",{"eyebrow":172,"links":173},"People",[174,177,180],{"label":175,"href":176},"Careers","\u002Fcompany\u002Fcareers",{"label":178,"href":179},"Vacancies","\u002Fcompany\u002Fvacancies",{"label":181,"href":182},"Culture","\u002Fcompany\u002Fculture","Latest Podcast",{"intro":185,"links":189,"pressEyebrow":154,"podcastEyebrow":183},{"eyebrow":52,"heading":186,"body":187,"ctaLabel":188,"ctaHref":53},"Form3 Resources","Our Resources bring together thought leadership, engineering insights, payments expertise, webinars, podcasts, whitepapers, company news and stories from our teams—all in one place.","LEARN MORE",[190,193,196,199,202,205],{"label":191,"href":192},"Payments Cannot Fail Podcast","\u002Fresources\u002Fpodcasts",{"label":194,"href":195},"Press Releases","\u002Fresources\u002Fpress-releases",{"label":197,"href":198},"Payment Insights","\u002Fresources\u002Fpayment-insights",{"label":200,"href":201},"Culture Blog","\u002Fresources\u002Fculture-blog",{"label":203,"href":204},"Engineering Blog","\u002Fresources\u002Fengineering-blog",{"label":206,"href":207},"Events","\u002Fevents",{"intro":209,"links":213,"pressEyebrow":154},{"eyebrow":56,"heading":210,"body":211,"ctaLabel":212,"ctaHref":57},"Partner with Form3","Explore how Form3 works with banks, fintechs, cloud providers, technology platforms and system integrators to accelerate payment modernization, strengthen customer offerings and unlock new opportunities for growth.","Let's Partner Together",[214,217],{"label":215,"href":216},"Technical & Ecosystem Partners","\u002Fpartnerships\u002Ftechnical-ecosystem",{"label":218,"href":219},"Channel & Distribution Partners","\u002Fpartnerships\u002Fchannel-distribution",{"platform":221,"region":229,"development":240,"company":248,"resources":259,"partnerships":267,"stayConnected":272,"legalLinks":292,"certifications":314},{"title":36,"links":222},[223,224,225,226,227,228],{"label":62,"href":37},{"label":67,"href":68},{"label":70,"href":71},{"label":73,"href":74},{"label":76,"href":77},{"label":79,"href":80},{"title":230,"links":231},"Region",[232,234,236,237,238],{"label":233,"href":97},"Global",{"label":235,"href":103},"United States",{"label":109,"href":112},{"label":114,"href":117},{"label":239,"href":107},"Canada",{"title":241,"links":242},"Development",[243,244,245,246,247],{"label":135,"href":138},{"label":140,"href":141},{"label":146,"href":147},{"label":149,"href":150},{"label":152,"href":153},{"title":48,"links":249},[250,251,252,253,254,255,256],{"label":160,"href":161},{"label":163,"href":164},{"label":169,"href":170},{"label":175,"href":176},{"label":178,"href":179},{"label":181,"href":182},{"label":257,"href":258},"Net Zero","\u002Fcompany\u002Fnet-zero",{"title":52,"links":260},[261,262,263,264,265,266],{"label":186,"href":53},{"label":191,"href":192},{"label":194,"href":195},{"label":200,"href":201},{"label":203,"href":204},{"label":206,"href":207},{"title":56,"links":268},[269,270,271],{"label":210,"href":57},{"label":215,"href":216},{"label":218,"href":219},{"title":273,"body":274,"ctaLabel":32,"ctaHref":33,"social":275},"Stay Connected","Form3 is a global account-to-account financial fabric delivering a proven payments platform trusted by banks and fintechs to deliver resilient, real-time payment experiences for their customers at scale.",[276,280,284,288],{"label":277,"href":278,"icon":279},"LinkedIn","https:\u002F\u002Fwww.linkedin.com\u002Fcompany\u002Fform3-financial-cloud\u002F","linkedin",{"label":281,"href":282,"icon":283},"X","https:\u002F\u002Fwww.x.com\u002FForm3Cloud","x",{"label":285,"href":286,"icon":287},"YouTube","https:\u002F\u002Fwww.youtube.com\u002F@Form3Cloud","youtube",{"label":289,"href":290,"icon":291},"Instagram","https:\u002F\u002Fwww.instagram.com\u002Fform3.tech","instagram",[293,296,299,302,305,308,311],{"label":294,"href":295},"Terms & Conditions","\u002Flegal\u002Fterms-and-conditions",{"label":297,"href":298},"Privacy Policy","\u002Flegal\u002Fdata-privacy-statement",{"label":300,"href":301},"Recruitment Data Policy","\u002Flegal\u002Frecruitment-data-policy",{"label":303,"href":304},"Modern Slavery Statement","\u002Flegal\u002Fmodern-slavery",{"label":306,"href":307},"License","\u002Flegal\u002Flicense",{"label":309,"href":310},"Cookie Policy","\u002Flegal\u002Fcookie-policy",{"label":312,"href":313},"Manage Cookies","#cookies",[315,317,319,321,323],{"label":316},"ISO 27001",{"label":318},"ISO 27017",{"label":320},"ISO 27018",{"label":322},"ISAE 3000 SOC 2 Type II",{"label":324},"ISO 22301",{"platform":326,"solutions":341,"developers":355,"company":365,"resources":366,"partnerships":374},[327,329,339,340],{"kind":328,"label":62,"href":37},"link",{"kind":330,"label":60,"children":331},"group",[332,333,334,335,337],{"label":67,"href":68},{"label":70,"href":71},{"label":73,"href":74},{"label":76,"href":336},"\u002Fplatform\u002Fsponsor-bank-enablement",{"label":79,"href":338},"\u002Fplatform\u002Finform3d-ui",{"kind":328,"label":82,"href":85},{"kind":328,"label":87,"href":90},[342,344,350],{"kind":328,"label":233,"href":343},"\u002Fsolutions\u002Fglobal",{"kind":330,"label":93,"children":345},[346,347,348,349],{"label":235,"href":103},{"label":239,"href":107},{"label":109,"href":112},{"label":114,"href":117},{"kind":330,"label":119,"children":351},[352,353,354],{"label":122,"href":123},{"label":126,"href":127},{"label":130,"href":131},[356,360],{"kind":330,"label":135,"children":357},[358,359],{"label":135,"href":138},{"label":140,"href":141},{"kind":330,"label":143,"children":361},[362,363,364],{"label":146,"href":147},{"label":149,"href":150},{"label":152,"href":153},[],[367,368,369,370,371,372,373],{"kind":328,"label":186,"href":53},{"kind":328,"label":191,"href":192},{"kind":328,"label":194,"href":195},{"kind":328,"label":197,"href":198},{"kind":328,"label":200,"href":201},{"kind":328,"label":203,"href":204},{"kind":328,"label":206,"href":207},[375,376,377],{"kind":328,"label":210,"href":57},{"kind":328,"label":215,"href":216},{"kind":328,"label":218,"href":219},{"id":379,"uid":380,"url":381,"type":382,"href":383,"tags":384,"first_publication_date":385,"last_publication_date":386,"slugs":387,"linked_documents":389,"lang":390,"alternate_languages":391,"data":392},"alzykhEAACkAUWFp","how-traditional-banking-tech-infrastructure-is-being-transformed","\u002Fresources\u002Fpayment-insights\u002Fhow-traditional-banking-tech-infrastructure-is-being-transformed","payment_insight","https:\u002F\u002Fform3-website.cdn.prismic.io\u002Fapi\u002Fv2\u002Fdocuments\u002Fsearch?ref=apnMZxEAACcAKWxv&q=%5B%5B%3Ad+%3D+at%28document.id%2C+%22alzykhEAACkAUWFp%22%29+%5D%5D",[],"2026-07-19T16:22:42+0000","2026-09-02T18:38:41+0000",[388],"how-banks-are-reacting-to-the-new-reality",[],"en-us",[],{"title":393,"excerpt":394,"card_image":395,"published_date":402,"reading_time":403,"tag":404,"dek":405,"featured_image":406,"about_form3":407,"client_about_heading":13,"client_about_body":408,"author_name":409,"author_title":410,"author_photo":411,"author_bio":418,"author_linkedin":436,"slices":441,"meta_title":393,"meta_description":394},"Industry focus: How traditional banking tech infrastructure is being transformed","The more forward-looking banks are looking to create a composable set of systems and architecture that allows them to plug-and-play best class components into their infrastructure rather than sourcing from a single provider. They don’t want to be tied to monolithic systems that are so deeply interconnected that making small changes requires the entire environment to be shut down; instead, they want to be able to make tweaks and adjustments any time they need, ripping out things that don’t work and replacing them with newer modules when appropriate.",{"dimensions":396,"alt":398,"copyright":13,"url":399,"id":400,"edit":401},{"width":397,"height":397},800,"Dave-Resource","\u002F_prismic-media\u002Fa7c6420ce8cdecc5--PKlHg1weyA_wiqV_Dave-Resource.png","-PKlHg1weyA_wiqV",{"x":17,"y":17,"zoom":18,"background":19},"2024-11-11",3,"Thought Leadership","“If it ain’t broke, don’t fix it.” While there is a great deal of wisdom in this old aphorism, it isn’t an approach that I would advocate for banking infrastructure. I don’t believe current banking infrastructure is ‘broken’, necessarily, but we must accept that it was built for a different set of realities. It’s not so much a fix that’s required as a transformation.",{},[],[],"David Scola","Chief Product Officer & US Chief Executive Officer",{"dimensions":412,"alt":13,"copyright":13,"url":415,"id":416,"edit":417},{"width":413,"height":414},1023,1537,"\u002F_prismic-media\u002F401e7227a2ab81b5-dTLsEWD5DB8q2xBC_dave.jpg","dTLsEWD5DB8q2xBC",{"x":17,"y":17,"zoom":18,"background":19},[419,424,427,430,433],{"type":420,"text":421,"spans":422,"direction":423},"paragraph","David Scola is Chief Product Officer and US Chief Executive Officer at Form3, where he leads the company’s global product strategy and innovation agenda. Since joining Form3 in 2022 to spearhead its expansion into the United States, David has played a key role in extending the company’s reach and helping financial institutions modernize their payments infrastructure through cloud-native technology.",[],"ltr",{"type":420,"text":425,"spans":426,"direction":423},"With more than 25 years of experience across transaction banking, payments, and financial market infrastructure, David has built and led businesses at the forefront of industry transformation. He brings deep expertise in helping banks navigate change, embrace new technologies, and deliver secure, scalable payment services in an increasingly digital world.",[],{"type":420,"text":428,"spans":429,"direction":423},"Before joining Form3, David served as Chief Executive for the Americas, UK and Ireland at SWIFT, where he was responsible for some of the organization’s largest client relationships and its global securities business.",[],{"type":420,"text":431,"spans":432,"direction":423},"Previously, he was Global Head of Financial Institutions at Barclays, overseeing correspondent banking, trade finance, flow FX, and liquidity management. Earlier in his career, he held senior product and strategy roles at Deutsche Bank and The Bank of New York.",[],{"type":420,"text":434,"spans":435,"direction":423},"David holds an MSc in Development Economics from the School of Oriental and African Studies, University of London, and a BSFS in International Relations from Georgetown University.",[],{"link_type":437,"key":438,"url":439,"target":440},"Web","5c1afedb-e82a-41c4-b797-093477a1d009","https:\u002F\u002Fwww.linkedin.com\u002Fin\u002Fdavidscola\u002F","_blank",[442,463,480],{"variation":443,"version":444,"items":445,"primary":446,"id":461,"slice_type":462,"slice_label":13},"default","initial",[],{"body":447},[448,452,455,458],{"type":449,"text":450,"spans":451,"direction":423},"heading3","How banks are reacting to the new reality",[],{"type":420,"text":453,"spans":454,"direction":423},"The more forward-looking banks are looking to create a composable set of systems and architecture that allows them to plug-and-play best class components into their infrastructure rather than sourcing from a single provider. They don’t want to be tied to monolithic systems that are so deeply interconnected that making small changes requires the entire environment to be shut down; instead, they want to be able to make tweaks and adjustments any time they need, ripping out things that don’t work and replacing them with newer modules when appropriate. ",[],{"type":420,"text":456,"spans":457,"direction":423},"These components aren’t entirely of their own creation now, either. While banks will still have proprietary technology within their platforms, they are also likely to be using components built by third-party providers. Sometimes, too, these components sit outside of their own firewall. These banks have accepted that embracing the wider ecosystem rather than taking a hermetic approach is the best way forward. ",[],{"type":420,"text":459,"spans":460,"direction":423},"There’s also been a change of attitude towards technology investments. Rather than making a massive, up-front payment for infrastructure, they want to spread it out so it’s more in line with their operational costs. Subscription-based Software-as-a-Service (SaaS) models make it easier for banks to align their expenses with their operational income, allowing them to function more efficiently. ",[],"rich_text$dbeebc41-07ce-4e4d-80ec-f2a446b4bf4a","rich_text",{"variation":443,"version":444,"items":464,"primary":465,"id":479,"slice_type":462,"slice_label":13},[],{"body":466},[467,470,473,476],{"type":449,"text":468,"spans":469,"direction":423},"The customer is always right",[],{"type":420,"text":471,"spans":472,"direction":423},"While changes in back-end operations are usually something that customers aren’t aware of, it’s the needs and desires of clients that are actually driving these changes. After all, they are the ones demanding always-on, real-time transactional capabilities. The impacts that customers see from these transformations are largely positive, which is obviously great from their perspective, but they’re unlikely to appreciate just how many hurdles and obstacles banks need to overcome in order to provide these services. ",[],{"type":420,"text":474,"spans":475,"direction":423},"As well as overhauling legacy infrastructure and taking a new approach to how they use and pay for technology, banks also need to manage liquidity in a different way to cope with the real-time payments environment. How banks manage their liquidity on a 24\u002F7 basis is going to be a massive challenge. It’s not something they’ve done in the past, and it’s not something that they’re structured to do. ",[],{"type":420,"text":477,"spans":478,"direction":423},"An even bigger challenge, though, is fraud prevention. Whenever a new payments system is introduced, it becomes a target for bad actors who are looking for ways to exploit the system for their own ends. We’ve seen it with crypto, we’ve seen it with Zelle and most recently we’ve seen it with closed-end solutions like Cash App. The problem affects the payment industry as a whole, meaning efforts to combat this fraud will need to be concerted and coordinated in a way that will ultimately be effective, but the last thing a bank wants is to be the weak link that these criminals target.  ",[],"rich_text$52a2563b-8803-462d-8820-fc684d861746",{"variation":443,"version":444,"items":481,"primary":482,"id":502,"slice_type":462,"slice_label":13},[],{"body":483},[484,487,490,493,496,499],{"type":449,"text":485,"spans":486,"direction":423},"Optimizing infrastructure for modern-day banking",[],{"type":420,"text":488,"spans":489,"direction":423},"For banks that are still in the process of digital transformation, there are still more areas that will need attention if they want to reduce the number of headaches they suffer — and boost their chances of success — in a real-time payments environment. Things like OFAC checking and anti-money laundering checks will need to take place on all transactions and these aren’t necessarily easy to implement into legacy architecture. ",[],{"type":420,"text":491,"spans":492,"direction":423},"Cloud platforms and microservices represent a way for banks to take the strain away from their existing systems while offering a great degree of agility too; not just in terms of flexibility when it comes to adding components but scalability as well. Cloud platforms can help deal with the load, but banks shouldn’t be fooled into thinking that the cloud is the answer to all of their problems. ",[],{"type":420,"text":494,"spans":495,"direction":423},"When it comes to services that are as important as payments, banks need to be certain that they have taken every measure possible to fulfil their obligations to customers. Regulators, too, will be keeping a close eye on all cloud-based payment services, and it seems inevitable that they will insist that banks take a multi-cloud approach at some stage in the future. ",[],{"type":420,"text":497,"spans":498,"direction":423},"The launch of FedNow was arguably the biggest change the banking industry has seen so far this century. Driven by consumer demand — which itself was shaped by the recent pandemic — banks are faced with some very big challenges right now. ",[],{"type":420,"text":500,"spans":501,"direction":423},"Modern problems require modern solutions; that’s why the banks that upgrade and future-proof their core infrastructure by looking to third-party providers and cloud platforms will have the best chance of thriving in a real-time world. Those that don’t accept the need for change, or are too slow in their transition, will be the ones that fall by the wayside.",[],"rich_text$4a87a694-9952-4658-b2e5-93894c56b970",1788466509940]