Payments Working Group Launch

Payments is moving from incremental upgrade to wholesale reinvention. The National Payments Vision is now in delivery, with the Payments Vision Delivery Committee, HM Treasury, the Bank of England and the FCA setting the direction for the UK's future retail payments infrastructure, alongside near-term upgrades to Faster Payments and Bacs. At the same time, HM Treasury's consultation on modernising payment services regulation, the transfer of the PSR's functions into the FCA, new Open Banking interface rules and the arrival of commercial Variable Recurring Payments are reshaping both the rulebook and the commercial model. 

To help members shape this fast-moving area, techUK is relaunching its Payments Working Group. This first meeting will set the group's priorities for the year ahead, with a focus on the technology underpinning next-generation payments: infrastructure modernisation, account-to-account and open banking rails, fraud and financial crime tooling, and tokenised or programmable payments. We will also discuss how these fit into the UK's future tech stack. We will be joined by Danny Russell, Head of Payments Innovation Technology at the Bank of England.  

The group builds on techUK's wider financial services and payments work and will channel member views directly into our engagement with HM Treasury, the FCA and the Bank of England. As a member-led group, its agenda will be shaped by those who take part. 

Who should attend 

This session is intended for techUK members working in or supplying the payments ecosystem, including payment service providers, fintechs, banks, infrastructure and technology providers, open banking and VRP specialists, and fraud and financial crime solution providers. 

Why attend 

Participants will have the opportunity to: 

• Help set the priorities and work programme for the relaunched Payments Working Group. 

• Share views on current and future points of interest or concern in UK payments. 

• Showcase innovative solutions to peers and policymakers. 

• Feed directly into techUK's engagement with HM Treasury, the FCA and the Bank of England. 

• Network with industry peers across the payments value chain.