Payment modernization represents a transformative movement within the financial industry, aiming to enhance the efficiency, speed, and convenience of transactions. Financial institutions are increasingly prioritizing innovative technologies to offer more robust payment solutions. Additionally, the goals of payment modernization efforts are to create better products for business customers as well as streamline FI operations while breaking down traditional silos. This also emphasizes creating more opportunity for automation and enabling deeper integration between FIs and their business customers. In this session, we will explore the different approaches of FIs as well as discuss some of the potential benefits of vendor partnerships.