Tieto, a leading European technology company, hosted a breakfast meeting entitled “Bringing Innovation to Payments” for executives from the UK payments industry. The event was held on Tuesday March 14th, 2017 at the Grange St Paul’s Hotel in London. Mark Beresford, Director from Edgar, Dunn & Company, facilitated a round table discussion on how regulation and the changing consumer needs are now shaping payment innovation. One area of the debate was PSD2 and the impact on the banking sector. There was a range of representatives in the audience, ranging from regulators, industry associations, banks, Fintech companies and payment processors. The general opinion in the room was that UK banks are not PSD2-ready whereas the European banks are a little further down the road of thinking how could PSD2 be an opportunity and not just a question of compliance.
Bringing Innovation to Payments – Tieto breakfast meeting
About the Author: Mark Beresford
Mark Beresford is a Director in the London office and heads up the Retailer Payments Practice for Edgar, Dunn & Company. He has over 20 years of experience of consulting strategy, developing and managing financial services businesses. In the Retailer Payments Practice Mark works with a number of global merchants to develop omnichannel payment acceptance strategies. He uses the 360° Payment Diagnostic methodology developed by Edgar, Dunn & Company to identify cost efficiencies for retailers by defining an appropriate mix of payment methods, acceptance channels, alternative forms of payments, and optimizing Payment Service Provider and acquiring relationships.