Changing the game with Real Time Payments

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Morning,

It strikes me as a great change that with PSD2, Open Banking, Banking Inclusion, Digitalisation of payments, Request to Pay and now Real time Payments have all started to emerge as initiatives that need our attention.  Who knew that opening up the data debate and making sure the consumer was put at the forefront has led to a number of initiatives which sadly are broadly being addressed by FinTech’s not banks. 

If you have anything you’d like me to share with the membership of The Payments Business, let me know, John Doyle

The Inclusion Foundation Webinar

Anne Pieckielon has started The Inclusion Foundation. It’s got a good team in it and their first payments clinic is being held today – sign up here.

Home > Insights

Finastra CSO: Regulators risk inhibiting open banking

By Emma Olsson | 2 June 2020 Regulators are stifling open banking innovation and competition according to Akber Jaffer, chief strategy officer, Finastra.

When financial institutions open up their [application programming interfaces] it enables collaboration, particularly between the new fintechs as well,” he says. “Having governments that don’t sanction the use of some of those fintechs can stifle the competition.

Kyriba Webinar Recording Driving Payments Security & Efficiency during Time of Crisis

One of our partners, Kyriba, ran a really successful webinar recently and here is the recording of the webinar from YouTube.

Prepaid and EMI Issued Debit Card Market Overview

Polymath Consulting’s Prepaid and EMI issued debit card market overview can be purchased here. This is a subscription to a report that is updated regularly.

Join The Payments Business Network

This newsletter is produced by The Payments Business Network, it’s a membership organisation and you should join so your opinion is heard by the community.

Payment News Headlines

Telegraph Finance | Ministers urged to save firms from post-Covid debt mountain
A taskforce convened at the behest of Bank of England Governor Andrew Bailey is racing to find ways to save firms without taxpayer help.

Visit our Payment News Headlines page for a full round-up of today’s news. Today’s guest headlines are from:

FS Club – Breaking News The end of main street
The Financial Services Club Blog Wondering about the future. Always wondering about the future. Thinking about where things are going. It’s the only thing we don’t know. We know the past; we live in the present; we wonder about the future. What’s my future? What’s your future? What’s the future for our children and our … The post The end of main street appeared first on Chris Skinner’s blog. Lending platforms face battle for independence
The crisis will squeeze earnings for online lenders, and big banks could be waiting to snap up some bargains Coronavirus: Debt letters ‘make money problems worse’
Demands required by law may contribute to people with problems taking their lives, say campaigners. UK consumers repay record £7.4bn of debt in Covid-19 lockdown
Analysts warn of gap between those hit by job losses and those whose finances benefit from enforced spending halt Coronavirus – latest updates See all our coronavirus coverage British households repaid record amounts of debt racked up on credit cards and personal loans in April as consumers stayed away from House prices see largest monthly fall for 11 years, says Nationwide
The Nationwide says house prices fell 1.7% in May as the coronavirus crisis hit market activity. Traders want shorter days, says London Stock Exchange
Most traders want shorter trading hours to improve quality of life, says London Stock Exchange. The G20 should be leading the world out of the coronavirus crisis – but it’s gone awol | Gordon Brown
In March it promised to support countries in need. Since then, virtual silence. Yet this pandemic requires bold, united leadership See all our coronavirus coverage Coronavirus – latest updates If coronavirus crosses all boundaries, so too must the war to vanquish it. But the G20, which calls itself the world’s premier international forum for Equities cruise to three-month highs, dollar under protest pressure
World stock markets hit their highest levels since March and oil prices jumped on Tuesday as signs of a global economic recovery from the coronavirus pandemic offset concerns over the worst civil unrest in the United States in decades. Sponsors

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The Payments Business Network News

News from The Payments Business 15/6/2020 Lots happening amongst our partners and members, some of the highlights are below. If you have anything you’d like