George LawsonCountry Manager ANZ
2:30 PM Assessing the Evolving Payments Era and Developing a Strategy to Survive and Thrive in a Disruptive Landscape
Open banking, as seen around the world, is set to completely change the payments industry. As seen in Europe, PISPs could account for up to 16% of online retail payments by 2020 (Accenture). It will disrupt everything; from how we pay online to what information is seen during a transaction, thus bank’s monopoly on their customer’s information will change drastically. In Australia, payments are also set to change. However, if managed correctly, banks could harness these opportunities to develop customer-centric experiences.
In this session…
- Understand the implications that open data could have on the financial sector, and how to respond to these changes
- Learn how to develop new strategies to differentiate your company in the evolving finance market
- Gain insight into how Alipay use and think about open data
- Understand how to utilise customer insights when developing effective payments systems in a digital banking portal