Five payments pundits share their views on what should be in the Chancellor’s report and Autumn Statement.
Tony Craddock, Director General, The Payments Association
• Jana Mackintosh, Managing Director, Payments, Innovation & Resilience, UK Finance
• Paul Horlock, Chief Payments Officer, Santander UK
• Laura McCracken, Board Advisor – platforms, fintech & payments
• Peter Harmston, Partner – Head of Payments Consulting, KPMG
• Riccardo Tordera-Richi, Head of Policy & Government Relations, The Payments Association
This timely discussion tackles the key pain points of 7 core areas within payments and, ways in which as an industry we can work together to tackle them. These include:
- Environmental, social and governance: driving more responsible and sustainable spending?
- Financial Crime: are we focusing on the right thing?
- Financial Inclusion: going beyond simple access to a payments account
- Currencies: after the FSMA, will secondary legislation come in time?
- Open Banking, finance and data: providing alternative payment options for merchants
- Regulations, standards & compliance: unraveling the spaghetti
- Cross border: the untapped potential
Our pundits also discuss the four proposed building blocks that will ensure firm foundations moving forward:
- Industry regulator alliance: A payments ecosystem alliance that creates a holistic, integrated and agile industry
- Inclusive boundaries: Boundaries to the payments ecosystem that include the entire value chain
- Consumer focus: A relentless focus on solving un-met market and consumer needs
- Sustainable incentives: A system that provides sustainable incentives and prioritises initiative