Powering Payments Podcast by Form3

The Digital Operational Resilience ACT or DORA as it is known is fast approaching. We are joined by Philipp Baecker from Bain on our podcast today to discuss why this isn't just a compliance tick box exercise, and why banks need to already be responding to this and putting the wheels in motion before it is too late.

Speakers:

Jolanda Schekermans, Head of Product, API Experience, Form3

Philipp Baecker, Partner, Bain

The “DORA: The Biggest Change in Payments No-One is Talking About” session will cover how the regulation will accelerate cloud and third-party services adoption, and how concentration risk management is now both a system level and firm-level effort. The session will also look at how enhancements in service offerings result in fewer opportunities to restore operations in the event of a cyberattack. Also, the panel will consider the systemic risk of firms underinvesting in their own resilience, and how failures at a single bank could cause an avalanche of problems for others.

Speakers:

Abdellah Ben Hammou, Product Director, Klarna

Jessica Ramos, Head of Regulatory & Financial Affairs, EBA CLEARING

Moderator:

Jolanda Schekermans, Head of Product, API Experience, Form3

Stuart Poffley, NPA Lead, Form3

Peter Harmston, Partner, Head of Payments Consulting, KPMG

Stuart Poffley, NPA Lead, Form3
Peter Harmston, Partner, Head of Payments Consulting, KPMG

What’s covered in this episode:

1. How to use the NPA as a catalyst for strategic change
2. What are the practical ways of thinking about this migration project
3. How NPA will impact the adoption of cloud technology

Discover more on what NPA will mean to you and how to prepare for these changes. 

Nick Fleetwood, Head of Data Services, Form3

Ronan Carter, Client Partner, Google

What’s covered in this episode:

What opportunities exist for banks to create value from data collected from payment flows?

What are the key ‘data principles’ when it comes to unlocking value

How do we bring together siloed data to infer payment insights?

How is smart data combatting the rise in fraudulent activity?

Guests:  

Gregor Dobbie - CEO - Vocalink
Jana Mackintosh -  Managing Director Payments and Innovation - UK Finance  

Hosts: Joss Wilbraham - Head of Networks and Infrastructure - Form3 

Producers: Tom Campbell - Creative Lead - Form3 

What’s covered in this episode:

• What is NPA?
• Concept v Reality: Where are we now?
• Why should it matter to banks, businesses and consumers?
• What is ISO20022 and what does it mean for the UK Banking and Payments Industry?
• The many uses cases of NPA and ISO20022
• The benefits of standards

What’s covered in this episode:

• Has cloud technology penetrated payment infrastructures?
• Is there a cloud mindset we need to embrace? Moving from a tech decision to a tech stack decision
• What’s the catalyst for this need for change with cloud payments?
• How do we move the conversation from planning to execution?
• Are we seeing the numbers we expect at this stage of adoption?
• Why has the UK seen such growth with cloud payments?
• What are the hurdles to cloud adoption?

It is hard to transform to digital-first, or as our guest co-host Kevin Holditch says, "Replatforming a bank is like swapping out a couple of decades-old jet engine, mid-flight, whilst being 38,000 feet in the air with an over-pack passenger list."  Seems like that might cause a few difficulties, doesn't it?   

You can also find this episode and Money20/20s great podcast here: The MoneyPot

Guest:  Jan-Willem Weggemans, Senior Client Partner, Publicis Sapient. 

Hosts: Gary Dempsey, Content Lead, Money20/20 EU

Kevin Holditch, Head of Platform Engineering, Form3

Producers: Gary Dempsey, Content Lead, Money20/20 EU

Thomas Cheung, International Marketing Manager, Form3

Roland Bodenham, Senior Video Producer, Ascential

What will Arthur, Jolanda and Andrew be discussing? Find out below.

Topics covered:

• What does instant payments really mean, how is it defined and what is being done in your region?
• What are the drivers at a consumer, corporate and banking level for instant payments in Europe?
• Mass adoption is key to the future of instant payments, what is preventing this mass adoption or slowing it down?
• How do we prevent a situation where participants are not overfunding and have a system where this is managed on an ongoing basis?
• What are the potential additional impacts on back office processes within a bank I.e. sanctions, AML, liquidity for entering the instant market? How are these challenges overcome?
• Target2  is limited only to credit institutions, can we see the logic in this or would a more liberal approach like the bank of England has to regulated entities be preferable?
• In Form3 terms would this be classed as a direct non-settling participant model?
• What does the landscape look like globally for appetite to migrate to faster payments?
• What are the existing payment processes and how do you see SADC starting to interact with other instant initiatives globally?