At the Payments Innovations Conference on Monday 4 July 2016, Payments UK and techUK convened both of their member communities and guests, where attendees explored how innovation, both transformative and disruptive, is shaping the UK payments industry. The day was chaired by the BBC’s Rory Cellan-Jones and attended by over 350 delegates with expertise from the payments, financial services and technology industries.
The conference keynote, Lord Freud in his capacity as Minister of State for the Department of Work and Pensions was pleased to announce a Government trial into the use of distributed ledger technology for welfare payments in the North West. The conference also included four vibrant breakout sessions, providing the opportunity for delegates to dive deeper into discussions. Another highlight was the display of innovation in action, where four start-up’s demonstrated their Fintech propositions.
Following a turbulent week of political uncertainty, Brexit was an unavoidable topic of conversation, with 78% of attendees expressing that they feel less confident in the industry’s prospects following the result of the referendum. Nonetheless, a great deal of optimism was on display throughout the day, where delegates heard not only about innovative responses to the problem of secure authentication but also new business and ownership models informed by accessibility and ‘millennial behaviour’ as well as moving beyond the hype surrounding distributed ledger technology, to concept and practical application.
Themes and Discussion points
• Future of payment systems
• Identity, authentication and security in a digital world
• Distributed Ledger Technology
• Meeting the needs of a digital economy
• Financial Inclusion - providing services for all
• Taking forward the work on Open Banking
• Emerging payments products – go to market strategies for success
• World Class Payments - UK at the forefront?
2016 Conference Attendees
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Please find presentations from the conference attached below