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The UK payments industry is increasingly diverse and continues to prioritise activities to lower barriers of access to interbank payments systems: the retail system operated by Pay.UK and the high value CHAPS system operated by the Bank of England. These systems perform a vital role in ensuring that funds move and are settled securely and efficiently.
To support consumers and businesses, a continual balance needs to be maintained between the benefits of open access and innovation with the need to ensure security, resilience and safety to all users of payments systems. Indeed, the number of firms with access to payments systems has increased in recent years with the aim to reduce barriers to entry, promote competition and economies of scale, and lower concentration risks. But access also requires firms to meet certain obligations in line with the use of a national critical network and infrastructure.
In this webinar we explore the landscape for access to payments systems, the importance of access and the role of the different parties involved in the access ecosystem. We will seek to understand the access journey, identify recent improvements, and unravel the challenges that remain. As the UK payments infrastructure is taken forward through the New Payments Architecture and the RTGS Renewal programme, we will also explore the approach to access in the emerging NPA and renewed RTGS including requirements to broaden access while maintaining security and resilience.
Manager, Payments Policy, UK Finance
Sairoze has worked in payments policy within UK Finance since its inception as a leading trade association and voice for the banking and finance indus...
Sairoze has worked in payments policy within UK Finance since its inception as a leading trade association and voice for the banking and finance industry. With a career as analyst and strategist in a range of sectors characterised by innovation and disruption including mobile telecoms, broadcast and music industries, Sairoze brings her experience to the payments sector as it also undergoes transformative change. Through this, she engages with regulators and industry in identifying, articulating and addressing strategic and policy issues facing the payments sector.
CEO & Founder, Fire Financial Services
Colm Lyon is one of Europe’s leading payments and fintech business people. In a career spanning over 30 years, Colm has built payment businesses, led ...
Colm Lyon is one of Europe’s leading payments and fintech business people. In a career spanning over 30 years, Colm has built payment businesses, led change across the industry and supported the wider business community with great passion and enthusiasm, especially for start-up and scaling businesses. He has been acknowledged with numerous awards over the years.
Payments Expert, PA Consulting
Simon leads PA’s Payments Innovation team, focused on how banks and their clients can make the most of new payments capabilities. He has lead payments...
Simon leads PA’s Payments Innovation team, focused on how banks and their clients can make the most of new payments capabilities. He has lead payments supplier selections and innovation initiatives at major banks, especially around the adoption of ISO20022 capabilities.
Simon understands the complexity of financial services technology, from 20 years of working on projects and programmes in this sector. He has designed, implemented and advised on a wide range of projects ranging from integrating new software into legacy environments, to full bank-wide technology transformations. Simon specialises in defining and implementing solutions within the constraints of existing complex legacy environments found within many banking and insurance organisations.
Chief Business Development Officer, Pay.UK at Pay.UK
Kate has worked in financial services for over 20 years. Through a number of diverse roles in marketing, product development, technology and payments,...
Kate has worked in financial services for over 20 years. Through a number of diverse roles in marketing, product development, technology and payments, the common thread for Kate is the delivery of great end user journeys and solutions. Kate has a very strong focus on innovation, driven by consumer demand and global market movements. Kate actively works with Fintech companies and this has given her further insight into the types of problems that end users experience and how to go about providing relevant and meaningful solutions. Kate now leads the Business Development function at Pay.UK with the purpose to power payments, champion innovation and give the UK choice in how it pays.
Head of Regulatory Engagement, NatWest Group Payments
Jane’s career spans corporate banking and diversity policy development and promotion, and she now leads NatWest Payments regulatory engagement. ...
Jane’s career spans corporate banking and diversity policy development and promotion, and she now leads NatWest Payments regulatory engagement. Her current focus spans consumer protections, stablecoin regulation and indirect access to payment systems.
She was closely involved in the development of the 2019 guide to Access to UK Payment Schemes for Non-Bank Payment Service Providers supported by Pay.UK, Bank of England and the FCA, and Pay.UK’s Code of Conduct for indirect access providers.
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