Payment Systems Regulation and Innovation: A City & Financial Global Professional Webinar Series

Summary

Over the past year, the payments industry has been evolving and expanding, with digital payment services and transaction volumes growing across the globe. The competitive landscape is being redefined by the entry of non-traditional providers, the evolution of new solutions provided by financial institutions, and the development of strategic alliances that cross traditional sectoral boundaries. Beyond this transformation, there will also be major convergence around: products and solutions linked to payments; technology platforms and clearing capabilities that will be increasingly global in nature and reach; and of the operation of global securities and currency markets. We are likely to see integration of regulatory regimes that are still often fragmented.

Banks, in particular, will need to move fast or risk losing out to more agile competitors. Industry incumbents are endeavouring to respond to multiple new trends and drivers by revolutionising their organisations and infrastructure in order to support new service offerings and identify new revenue streams. These include investment in cloud computing and other digital technologies to address fluid customer preferences and mitigate risk and regulatory obligations. At the same time traditional financial institutions are investing time and resources in addressing challenging areas such as cross-border payments, an improved end-to-end payment experience, multipayment integration, business-to-business payments and collaboration with Fintech players and other market entrants, as strategies and playbooks for partnering continue to evolve.

Everything has come in even sharper focus with the Covid-19 pandemic. The focus right now has shifted to the current health crisis and the consequent unprecedented disruption that most countries in the world are experiencing. Payments professionals are directing their attention to making sure that the overall transaction framework is both resilient and stable, that no major outages of core infrastructure occur and that the overall payment systems and providers continue to support consumers and businesses everywhere. Payments regulators, industry bodies and market participants all have a part to play in ensuring that firms are prepared to meet the challenges that coronavirus poses to customers and staff, and to mitigate the impact of the virus on the UK’s economy.

It is essential now for the management of the ongoing health crisis to have priority, but soon the focus will be on the exit strategy from the lockdown in order to help mitigate the long-term impact on people’s livelihoods. Payments operators will have a key role in helping business activity to resume when this happens. First and foremost, this means supporting customers. But a crisis of such enormous proportions will also require many payments companies to readjust their portfolio of services, adapting operating models, and even reviewing the overall industry structure, with an eye to acquisitions and divestitures that would support a reshaped economy.

What are the implications that these trends may have for traditional and non-traditional payments companies over the next months? What new strategies and actions are being taken in response? And what is the future going to look like, in an ever more cashless economy?

To answer these questions and more, City & Financial Global is running its professional webinar series on Payment Systems Regulations and Innovation, on 3rd – 5th June.

This series comprises five webinars, which will cover all aspects of payments innovations, including the regulatory framework, in the context of the new challenges brought on by the current global crisis.

Issues to be covered include:

WEBINAR ONE

CROSS-BORDER PAYMENT SYSTEMS: A REGULATORY OVERVIEW

The UK regulatory challenge. Supporting innovation and greater competition by delivering a resilient, robust architecture
Understanding the challenge from a technical, cultural and regulatory standpoint.
Future-proofing the UK payments’ system to ensure the seamless and speedy recovery of the most affected sectors

WEBINAR TWO

PROMOTING FINANCIAL INCLUSION WITH OPEN BANKING

Open banking in the UK and the world: the next chapter in the evolution

WEBINAR THREE

THE IMPACT OF COVID-19 ON PAYMENTS SECURITY

Reducing the risk of fraud and cyber risk with and within the next generation of payments security
Shaping and re-shaping the payment industry: privacy, data access and regulatory considerations

WEBINAR FOUR

NON-TRADITIONAL PAYMENTS BEST PRACTICE

What will the industry need to focus on in the next 12 months? Managing the current crisis and its impact on the development on non-traditional payments
Understanding the growing role of non-traditional payment means

WEBINAR FIVE

PAYMENT TECH AND THE EVOLUTION OF THE PAYMENTS LANDSCAPE

How resilient and adjustable is your payment infrastructure?
Capitalising on the adoption of technologies to guarantee the stability of the transaction infrastructure during the Covid-19 pandemic

Summary

#PaymentsUK

Organised by:

Supported by:

Summary

Who should attend

#PaymentsUK Organised by:

Supported by:

#PaymentsUK

Organised by: