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Tuesday, 7 March 2023 |
Montcalm Royal London House City of London |
We’d like to invite you and your fellow NPA stakeholders to discuss the unknowns about the New Payments Architecture (NPA) and how to embrace the new scheme, going beyond compliance.
The mandate to offer instant payments to customers is now a government agenda in many G7 economies, as we have recently seen with FedNow (USA) and in the EU, where instant payments will become mandatory before January 2025.
In the UK, banking payments processed via the current Faster Payments Service (FPS) are reaching 3.6 billion and growing yearly (23% from 2020 to 2021, according to UK Finance). It is now preparing to move to the NPA program.
This change is a board-level agenda, as the initial phase of the NPA is expected to be delivered by 2023. Organizations in the Faster Payments scheme will need to be ready to begin testing in time for migration this year.
In this breakfast briefing, we will tackle the following questions:
- How will this impact participants with a legacy infrastructure that is not MX native?
- How will this world of real-time payments impact our payment initiations and fraud capabilities?
- With industry struggles around IT capacity and capability, should you be proactively designing the build for NPA?
Please note: The event is by invitation only. There is no fee to register.
Agenda
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8:15 AM |
Breakfast and registration |
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8:45 AM |
Introduction |
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8:55 AM |
Panel discussion
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9:40 AM |
Q&A and closing remarks |
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10:00 AM |
End of event |
Speakers
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Kate Fitzgerald - Head of Policy, Payment Systems Regulator, PSR In her career Kate Fitzgerald has led change and transformation in payments, banking, and operations. She specialises in leading large transformational programmes for end-to-end payments in financial services. Most recently, Kate worked as a senior advisor on payment systems at the PSR. Previously she worked in a variety of roles at Lloyds and led payment integrations for the merger with Halifax Bank of Scotland, and the Verde Divestment, ultimately becoming TSB's Payments Director. Kate has also served on the board of Payments UK. Kate joined the PSR in June 2020. |
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Otto Benz - Payments Director, Nationwide Building Society Otto Benz is responsible for delivering valuable and resilient payment experiences to Nationwide building society members, looking after all forms of payment processing. He held leadership roles for payments at many financial institutions with a broad experience in financial services. Otto worked mainly in retail and investment banking, focusing on payments, clearing, and settlement. A director of BACS and Payments UK, Otto participated in the Strategy Forum of the Payments Systems Regulator, where he co-chaired the workstream in charge of creating the vision for the New Payments Architecture. Otto now sits at several industry bodies coordinating action in payments and access to cash, including at UK Finance and for Pay.UK’s New Payments Architecture program. |
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David Morris - Chief Technology Officer, Pay.UK David has extensive experience in digital delivery and transformational change within the payments industry and the wider financial services sector. He garnered his expertise through a number of leadership roles, including chief technology officer for payments at Network International in Dubai, UK, and mainland Europe, CIO of Fleetcor, and executive director for Digital Services at Visa Europe. David brings significant expertise driving the delivery of large, complex, high-volume, high-value solutions and products to the role of chief technology officer at Pay.UK. |
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Paul Thomalla - Head of Regulatory and Industry Affairs, Finastra Paul is accountable for working with the payments industry and regulators to understand, influence, and ultimately help lead the change in payments across the globe. Among other areas, he has advised on the UK’s NPA, PSD2 and PSD3, CRD5, the role of AI and blockchain in payments, and how to regulate them. He has extensive knowledge of the changes in domestic payment policies worldwide and why they are required. Over the last three years, he has met with over 500 executives to advise and discuss the changes that digitalization will bring to payments. Paul currently serves on the UK Payment System Regulator (PSR) advisory board and the executive committee of the European Credit Research Institute (ECRI) of the Centre for European Policy Studies (CEPS). He also served on The Payments Strategy Forum for the UK, Ecommerce Europe’s Payments Experts Taskforce, and Nexo’s executive board. |
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Philip Moore - Head of Payments, TSB |
Find out more about how banks can prepare for the NPA in Finastra’s whitepaper here.