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Future World of Payments

Preparing for the industry of tomorrow

There has been seismic change in the payments space in recent decades, not just for payments providers but for corporates, banks and market infrastructures alike. Projects such as the Bank of England’s modernisation of the real time gross settlement service, the Nordic region's P27 and Pay.UK’s New Payments Architecture (NPA) are paving the way for future transactions.

Meanwhile, new platform providers, regulations, standards and payment methods coupled with the widespread growth of cloud, augmented reality and artificial intelligence technology is driving an upward shift in consumer expectations and behaviour. 

In such a dynamic space, firms need to invest intelligently to balance the customer demand for connectivity and convenience with robust security.

PAYMENTS AT A GLANCE

Pace

The Bank of England RTG system settles around £650bn per day – that’s the UK GDP every four days 

Unbiased experience

More than 150 third-party providers have applied for a PSD2 licence with the FCA in the UK 

Business value

The Nordic region's first real-time payment system, P27 aims to improve payments for 27 million Nordic residents

 

HOW CAN WE HELP YOU PREPARE FOR TOMORROW?

Our payments experts have the industry and technical experience to help future-proof your payments strategy and support your transformation journey.

    • FutureWorlds™: Our proprietary foresight tool helps you anticipate possible futures based on likely trends, highlighting the actions you should take to move towards your preferred future.  

    • Innovation: Our Global Innovation and Technology Centre works closely with our industry experts to help you take ingenious ideas from the drawing board to market. 

    • Organisational agility: Delivering a lasting transformation at pace and on budget needs the right structure, so we help you become an agile organisation.  

    • Digital: Digital is now central to everything an organisation does. Our digital experts will ensure you’re set to enhance product functionality and design to better meet your consumer needs. 

    • Regulatory insight: As a trusted advisor to over 40 European regulators, including the Bank of England and FCA, we can work with you to meet local and global requirements. 

    • Financial crime: Our 200 financial crime experts understand how to combat everything from fraud and money laundering to Know-Your-Customer and sanctions. 

    • Cyber security and operational resilience: Maintain security with our experts in penetration testing, security assurance, security design and operational resilience leadership coaching. 

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Contact us

David Troman

PA financial services expert

Thomas Bjørnstad

Strategy expert
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