The Bank of England looks to the future of Finance with The Payments Association consultation

Share this post

The Bank of England has taken onboard several recommendations from the The Payments Association as part of BoE’s Future of Finance project, led by Senior Advisor Huw van Steenis.


London, United Kingdom – The The Payments Association is proud to announce, that several of their suggestions and recommendations on how the future of finance should look like, have been taken onboard by the Bank of England as part of their Review on the outlook for the UK financial system and what it means for the Bank of England.


The focus of Bank of England’s review lies on the Aging population, Big data sets, Emerging markets, Low carbon economy, and New Financial technologies.


Tony Craddock, Director General of the The Payments Association, said “As the leading membership association in the payments industry, it is heartening to see our recommendations being incorporated in BoE’s vision of the future. The benefits of enriched payment data, easing the transaction process for corporate and consumer payments are at the core of our industry, and our own Project Banking Access is built around these topics. Seeing Bank of England place importance on them is very promising.”


Stephen Quinn, Chief Strategy Officer at OpenPayd, commented “As one of Payments Association’s Benefactors we have been working closely together to support this BoE review. It is encouraging to see that the recommendations of the The Payments Association are being incorporated by the Bank of England. Equally as positive is that the BoE considers and values the voice of the Payments Association and its membership; leading the way in improving the transaction process for business and consumers alike.”


The Bank of England’s Review on the outlook for the UK financial system and what it means for the Bank of England comes after a two-year review process, spearheaded by Huw van Steenis, Senior Advisor, and can be read in full on BoE’s website.




About the The Payments Association


The Payments Association, established in 2008, connects the payments ecosystem, encourages innovation and drives profitable business growth for payments companies. Its goals are to strengthen and expand the payments industry to the benefit of all stakeholders.

It achieves this by delivering a comprehensive programme of activities for members with help from an independent Advisory Board, which addresses key issues impacting the industry. These activities include:

  • Research, reports and white papers
  • Lobbying activities
  • Leading industry change projects
  • A programme of 70 events annually
  • Annual Black-Tie award ceremony
  • Training and development

The Payments Association has over 150 members and is growing at 30% annually. Its members come from across the payments value chain; including payments schemes, banks and issuers, merchant acquirers, PSPs, retailers, and more. These companies have come together, from across the UK and internationally, to join our association, collaborate, and speak with a unified voice.


Want to find out more about membership?

Get in touch with Keri to find out more about becoming a member:

More To Explore


Are you a member of The Payments Association?

Member benefits include free tickets, discounts to more tickets, elevated brand visibility and more. Sign in to book tickets and find out more.


Log in to access complimentary passes or discounts and access exclusive content as part of your membership. An auto-login link will be sent directly to your email.

Having trouble signing?

We use an auto-login link to ensure optimum security for your members hub. Simply enter your professional work e-mail address into the input area and you’ll receive a link to directly access your account.

First things first

Have you set up your Member account yet? If not, click here to do so.

Still not receiving your auto-login link?

Instead of using passwords, we e-mail you a link to log in to the site. This allows us to automatically verify you and apply member benefits based on your e-mail domain name.

Please click the button below which relates to the issue you’re having.

I didn't receive an e-mail

Tip: Check your spam

Sometimes our e-mails end up in spam. Make sure to check your spam folder for e-mails from The Payments Association

Tip: Check “other” tabs

Most modern e-mail clients now separate e-mails into different tabs. For example, Outlook has an “Other” tab, and Gmail has tabs for different types of e-mails, such as promotional.

Tip: Click the link within 60 minutes

For security reasons the link will expire after 60 minutes. Try submitting the login form again and wait a few seconds for the e-mail to arrive.

Tip: Only click once

The link will only work one time – once it’s been clicked, the link won’t log you in again. Instead, you’ll need to go back to the login screen and generate a new link.

Tip: Delete old login e-mails

Make sure you’re clicking the link on the most recent e-mail that’s been sent to you. We recommend deleting the e-mail once you’ve clicked the link.

Tip: Check your security policies

Some security systems will automatically click on links in e-mails to check for phishing, malware, viruses and other malicious threats. If these have been clicked, it won’t work when you try to click on the link.

Need to change your e-mail address?

For security reasons, e-mail address changes can only be complete by your Member Engagement Manager. Please contact the team directly for further help.

Still got a question?