The UK payments landscape is undergoing a period of great transformation. This is being driven by the global adoption of the ISO 20022 standard, as well as the proposed New Payments Architecture “NPA”. NPA is the UK’s programme to deliver a world-class payments infrastructure addressing the interbank retail payment segment currently served through payment schemes such as Faster Payments, BACS, and the Image Clearing Service. This initial phase of NPA is expected to be delivered by 2023, and thus organisations that are existing participants in the Faster Payments scheme will need to be ready to begin testing and prepare migration for NPA during 2023.

In this webinar we’ll explore:

  • The current interbank payment landscape in the UK and how this will be transformed by NPA.
  • The opportunities that NPA will create for financial institutions, payment service providers, fintech, and other organisations involved in payment processing within the UK.
  • Why the move to ISO 20022 as the core financial messaging standard and ensuring interoperability will be key for success of NPA.
  • How financial institutions can control and use the new data gained.
  • The variety of new payment products that are anticipated in the longer term following the launch of the first phase of NPA.
  • Risks to banks for delaying in sharing plans with NPA board to change

Learning outcomes:

  • Maintaining a robust and resilient payments platform that can cope with the rising volumes of interbank payments in the UK
  • Adoption of the ISO 20022 financial messaging standard, currently being adopted around the world for many next generation payment infrastructures, fostering interoperability and encouraging standardisation, as well as allowing the exchange of richer data between participants in the payment chain.
  • Real-Time Payments – delivering new payment products that operate in a real-time paradigm, going beyond the capability currently supported by the existing Faster Payments scheme.
  • Facilitating wider usage of the payment services offered by NPA by lowering barriers to entry.
Area of expertise:
Nasir Ahmed

Nasir Ahmed

Head of UK & Ireland, Business Development, SWIFT

Nasir has recently taken over as the head of SWIFT UK and Ireland after spending a year leading the SWIFT ISO 20022 adoption programme for cross-borde...

Nasir has recently taken over as the head of SWIFT UK and Ireland after spending a year leading the SWIFT ISO 20022 adoption programme for cross-border payments. He joined SWIFT in 2017 as a Key Account manager and then moved on to become a Strategic Relationship Manager within the UK and Ireland business focusing on strengthening and further developing relationships with SWIFT’s key global clients in the region. He has also spent time in the CEO office, with primary responsibility for structuring and coordinating the external engagement plan of the SWIFT CEO.  Prior to joining SWIFT, Nasir spent 11 years in the banking industry, starting his career at Citigroup as a graduate trainee in London. He worked across a number of functions within transaction banking, specialising in sales and relationship management within the securities services business.

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Jana Mackintosh

Jana Mackintosh

Managing Director Payments and Innovation, UK Finance

Managing Director for Payments and Innovation at UK Finance. Experienced executive with a particular focus on competition and regulatory policy, havin...

Managing Director for Payments and Innovation at UK Finance. Experienced executive with a particular focus on competition and regulatory policy, having worked across a number of public and private sectors in several markets. Influence payments regulation across the UK and Europe, leading discussions on strategic industry and regulatory policy initiatives. Has commercial credentials delivering and implementing these policies in practice. Skilled at relationship building, hold several board positions and work with a number of charities.

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Lisa Neary

Lisa Neary

Head of Payments, Aldermore Bank

With a career spanning over 30 years within UK Retail Banking working for The Royal Bank of Scotland, The Co-Operative Bank and now Aldermore Bank. Li...

With a career spanning over 30 years within UK Retail Banking working for The Royal Bank of Scotland, The Co-Operative Bank and now Aldermore Bank. Lisa has held multiple roles leading Operational Teams, in both telephony and processing disciplines, delivering large scale transformation and process improvements and efficiencies. These have been across teams which cover Treasury Operations, Finance Reconciliation, Banking Services and Payment  Operations.

The last 18 years of her career have been specialising in Payments, both strategic and operational.

Lisa has previously been a director of Cheque and Credit Clearing company, which required collaboration across the industry to deliver the Image Clearing System.

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Becky Clements

Becky Clements

Head of Industry Engagement, New Payments Architect at Pay.UK

Becky is currently Head of Industry of Engagement for the New Payments Architect at Pay.UK, bringing with her all of the experience in her previous ro...

Becky is currently Head of Industry of Engagement for the New Payments Architect at Pay.UK, bringing with her all of the experience in her previous role as the  Director of Payments for UK Finance. Here she led a strong team with deep domain knowledge delivering thought leadership on policy, working closely with the regulators in the UK and Europe for the good of the membership.

In her current role, Becky is leading the engagement on the New Payments Architecture, working together with the industry and regulators to create and implement the smartest way to move money. 

She has been a member of SWIFT UK Board as an observer and represented the UK on the European Payments Council Board. Becky has close involvement with the UK Payment System Regulator (PSR) and has sat on the Advisory Panel and the Payment Strategy Forum and chaired the Working Group for Implementation Planning for the New Payments Architecture which was part of the Payment Strategy Forum set up by the PSR.

She was also chosen to be part of the Delivery group commissioned by the Bank of England and the PSR for the consolidation of the three Retail Payment schemes representing small and mid-sized financial organisations.

Becky was a member of the Bank of England Advisory Board for the replacement of RTGS and has held non-executive Directorship positions for Pay.UK, Faster Payments Scheme, Payments UK and the setup of UK Finance.  

At Metro Bank she was Head of Industry Engagement, responsible for payments and card change activity, as well as leading industry and third party engagement.

Becky has extensive experience of working with the payments industry and delivering long-term, sustainable value to both customers and business.  
 

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David Godfrey

David Godfrey

Finastra Payment NPA Lead, Finastra

Finastra

Finastra

Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, bus...

Finastra is building an open platform that accelerates collaboration and innovation in financial services, creating better experiences for people, businesses and communities. Supported by the broadest and deepest portfolio of financial services software, Finastra delivers this vitally important technology to financial institutions of all sizes across the globe, including 90 of the world's top100 banks. Our open architecture approach brings together a number of partners and innovators.

Together we are leading the way in which applications are written, deployed and consumed in financial services to evolve with the changing needs of customers. 

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  • Head of payments
  • Head of product
  • Head of payment technology
  • CIO
  • Head of innovation
  • Head of cash management
  • Head of transaction banking
  • Head of open banking
  • Head of domestic payments
  • Head of global payments
  • Head of NBFI (non-banking financial institutions: managing director apply to all of these roles as well).

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