As costs and fees soar for UK banks, creating new revenue streams is the only option
UK banks are grappling with rising costs and fees, skyrocketing fraud attempts and the ongoing issue of fragmented legacy technologies.
How many income streams are you missing?
More revenue streams, zero core disruption. Tieto Banktech layers new services – from digital wallets to embedded credit and API products – onto your existing payment rails so you grow income without increasing structural risk.
Raising fees won't work
Build multiple revenue streams by layering services on existing infrastructure
UK and Ireland banks face a profitability paradox. Transaction fee pressure from regulators and card schemes continues to mount, interchange costs exceed £150-200 million annually for major banks, while scheme fees have risen 25% since 2017. Core modernization offers a tempting solution, but at £800,000+ weekly for full replacement, the cost and disruption risk make wholesale system overhauls unrealistic for most institutions.
Yet the payment infrastructure banks already operate, whether cards, A2A rails, or emerging channels, processes billions in transactions annually. That existing infrastructure represents untapped revenue opportunity. Rather than accepting fee compression or attempting impossible core replacements, leading banks are discovering how to layer new revenue streams on top of what they already have: embedded services, API marketplaces, omnichannel experiences, and merchant solutions that generate income without touching legacy systems.
Meet our team at PAY360 in London
March 25–26, ExCeL London – Stand H12
UK banks are under pressure to modernise, defend margins, and grow revenue on existing rails. Our teams from Cards, Payments, Financial Crime Prevention and more will be on‑site and ready to discuss your challenges.
Steele Prentis
Director of Sales - UK & Ireland
This is how we fix it
Banks face pressure to modernize payments, meet compliance demands, and capture new revenue. Our platform adapts to your business - retail, corporate, or both - without disruption. We build on your existing infrastructure rather than replace it. Enable real-time A2A and card payments, leverage what you've already created, and accelerate transformation with proven technology that integrates seamlessly with your current systems.
More revenue streams, zero core disruption. Explore more:
Tomorrow starts today.
At Tietoevry, we believe it’s time to shift perspective. It’s not about what technology can do anymore — but what it should. So that the futures of businesses, societies, and humanity can live and thrive. Side by side.
