New payments: disruption and change in cross border and domestic payments
Many payments professionals agree that there has never been a more interesting time to work in this industry. In an increasingly digitised world, higher customer expectations, regulatory pressure and the threat of disruption are driving banks and market infrastructures to upgrade their services and adopt new technologies.
The NPP is a great example of how these dynamics have driven an unprecedented level of industry collaboration. But will NPP be enough to keep the banking industry at the forefront of payments innovation or will the more nimble upstarts come and crash the party?
And with cross-border payments also going through their own revolution, are we getting closer to real-time cross-border payments? For instance, will NPP along with cross-border payments initiatives provide banks with the tools they need to recapture some of the cross border remittance business? Our panel will explore these questions and more.