The Changing European Payment Landscape
The European payments industry is facing changes that will have a profound impact on the future of the financial sector.
The first is around the modernisation of infrastructures, with the emergence of new retail instant payment services and also the upgrade of wholesale payment services to include richer functionalities. The European Central Bank is pressing ahead for more efficient and integrated pan-Eurozone solutions and industry participants across the continent are working towards this goal, but there are particular complexities around the delivery of this vision. There are many initiatives happening in parallel and these all need to fit together if the Eurozone’s response is not to end up being fragmented.
At the same time, new regulations are proving to be a game changer for the European landscape. PSD2, for example, which will drive better services for customers, is also opening the way for new technologies and new business models.
Digital innovators are being quick to capitalise on these opportunities. The challenge for banks is to keep up with the pace of innovation while concurrently operating more efficiently in an increasingly regulated context. Banks must adapt and evolve as these changes have the potential to transform not just European but global and cross-border banking.
What will define the year 2017 in european payments? We feature our opening keynote panel at EPS 2017 comprising of speakers from banks and key providers in 5 European cities. Don’t miss it!
Thierry Chilosi | Head of Markets & Initiatives | Europe, Middle-East and Africa | SWIFT | Brussels
Michael Salmony | Executive Adviser | equensWorldline SE | Frankfurt
Patrick Tans | Senior General Manager Banking Products | KBC Bank | Brussels
Hays Littlejohn | CEO | EBA CLEARING | Paris
Philippe Lepoutre | Deputy Head of Global Transaction & Payment Services | Société Générale | Paris