Over the past year, the payments industry has been evolving and expanding, with digital payment services and transaction volumes growing across the globe. The competitive landscape is being redefined by the entry of non-traditional providers, the evolution of new solutions provided by financial institutions and the development of strategic alliances that cross traditional sectoral boundaries. Over and beyond this transformation, there will also be major convergence around: products and solutions linked to payments; technology platforms and clearing capabilities that will be increasingly global in nature and reach; and of the operation of global securities and currency markets. In addition, we are likely to see integration of regulatory regimes that today are still often fragmented.
To discuss these issues and more, City & Financial is running its professional virtual roundtable series on Payment Systems Regulations and Innovation, next 3-5 June. This series comprises five webinars, which will cover all aspects of payments innovations, including the regulatory framework, in the context of the new challenges brought on by the current global crisis.