25-26 APRIL 2019


The Draft Programme for the 2020 Europe GPS follows. Speakers are being confirmed and updated daily. To discuss speaking opportunities in plenary and track sessions please contact David Roberts, Global Director of Payments at droberts@currency-research.com


Opening Session

Welcome Address
Future of Money in a new decade - what can we learn for the last decade and expect from the next? This session will explore the payments ecosystem through a number of different lenses looking back and forward over the new decade. The lenses we will look through are: channels and payment infrastructures, innovation and customer expectations, risks to the system (fraud and cyber resilience), regulation and major disruptors.
CBDCs and Stable Coins - the future of digital currencies in the context of disruptors such as Libra. This session will explore the viability of an international scheme and the potential impact to markets. The Libra initiative was launched in June 2019 and has raised a lot of objections from public authorities. However, it has also been recognized that it may also have raised concerns that central banks should address. The issuance of central bank digital currencies has sometimes been presented as a possible answer to Libra.

Session 1 - Payment Channels and Infrastructure evolution or revolution

Traditional payment infrastructures have served the system well but have they run their course? The generalisation of instant payments has been one of the main payments developments in the 2010s. Their generalisation will continue in the next decade. The panel will evaluate how ACHs and card schemes could adjust to this major evolution.
The Platform Economy - The impact of big-tech on the payments system Apple, Amazon, Google, Microsoft, Facebook, Alibaba, Tencent etc. With the success of AliPay and WechatPay, China has invented original payment arrangements. Moreover, the People’s Bank of China has made public its intention to issue a digital currency. In this context, the speaker will clarify the main features of the Chinese payment system. A panel discussion will follow, with a view to evaluating the possibility for the payments model developed in China to expand globally.
Internet technology & IoT - Connected store concept, domestic retail supply chain (e.g. fridges that restock themselves), AmazonGo. Distributed Ledger Technologies, Artificial Intelligence, Cloud Computing, Internet of Things, … New technologies will inevitably affect payment systems. The presenter and panel will brief the audience about these new technologies and together explain how they may affect payment systems.
Are we seeing the inevitable convergence of payment and card ecosystems, or is it divergence? PSD2 - PISPs, ApplePay and GooglePay. What about PEPSI, the latest Pan-European Payment System Initiative? A group of major European banks has announced their intention to launch a pan-European retail payments initiative that could compete with international card schemes and with new channels created by American or Chinese “big tech” companies. The presenter will explain how the system would work.

Session 2 - Is the risk profile changing in the payment ecosystem and does this pose a threat or opportunity for the new decade

Has the drive to immediate payments led to an inevitable increase in fraud and how should the payments industry respond?
Regulation of AI, Anti-Fraud Applications, Risk Management and reduction using AI
Digital Identity solutions - Development in AI/IoT to further this, Issues around facial/voice recognition. New ways to pay require new ways to identify the payers. Will these new ways conflict with data protection requirements? Panellists from different jurisdictions will explain how they have coped with these issues.
Cybersecurity - Is advanced cryptography keeping pace with the cyber criminals. New initiatives in this domain from Interpol and Five Eyes. Can the payments industry learn from cash (security of assets) and does Brexit weaken the position?

Session 3 - Innovation and changing customer exceptions

Enhancing the customer experience - Lifestyle brands and the rise of Super Apps. What can be learned from Asia (WeChat, AliPay, etc) ?
What is the future expectation for consumer protection in payments and what can be learned from card schemes?
Remittances and borderless cross border initiatives, is the payments industry meeting the needs of consumers?
What are the latest innovations in the global payment markets? - ‘Big Tech’ as an enabler or disruptor. How much longer can banks rely on legacy systems? Use cases of Blockchain adoption.

Session 4 - What can we expect from regulators, more of the same or new areas of focus?

Open Banking - update and future predictions in the context of where we are now.
GDPR regulation and enforcement. Has it had the expected impact, delivered on its objectives or is there more to come?
PSD3 - is this on the Commissions' to do list and what might be included?

Session 5 - What and who will be the major disruptors in the new decade.

The drive to a cashless society - using blockchain/DLT. Central Bank activity in this space? Could this ultimately disrupt the payments ecosystem too?
Is climate change the next big disrupter for the payments ecosystem and how might this impact?
Financial inclusion – According to the World Bank’s latest report in 2019, 1,7 billion people remain unbanked as at 2018. Are these people excluded from the global payment system, what are the alternatives and what are central banks doing? Do these unbanked provide a disruptive threat?