26 November 2015

Gary Wright

Gary Wright - BISS Research

277Posts 950,819Views 369Comments


EBAday is the annual event for European payments professionals run by Finextra in conjunction with the Euro Banking Association. This community has been created to deliver a forum for EBA delegates to exchange views on Sepa and new developments in payments processing.

Banks are just protecting not innovating

15 June 2011  |  2785 views  |  0

It's really strange to hear so much about competition at EBA Day from organisations that appear scared. SEPA is as much a process of change as it is about change. Banks for years have been expert in slowing down anything that threatens their bottom line and in SEPA they have been active in a non active way in slowing down volume to protect their business.

Everyone knows that a business founded on protectionism is on a course to failure However, in the retail banking space they have been very succesful in stopping change and in the process the drive to lower pricing and increased services for the consumer.

In Spain the thoughts focus amongst other good things on competition. Laws are being passed to increase competition. This is a model for other EU states for sure.

There is no doubt that in a few years time at EBA Day we will be seeing a totally different agenda but I hope that includes the drive to service the consumer and corporates with brand new services based around a differential and prices but that has a very strong customer need thrust.


Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Latest posts from Gary

Wealth Management - Turkeys Vote for Christmas

27 September 2013  |  3193 views  |  0  |  Recommends 0

The future of systems in financial services

29 July 2013  |  2793 views  |  0  |  Recommends 0

Social media and trust in financial markets

25 June 2013  |  5209 views  |  0  |  Recommends 0

Technology changing the markets

25 June 2013  |  2737 views  |  0  |  Recommends 0

Technology begins to change

14 June 2013  |  2313 views  |  0  |  Recommends 0

Gary's profile

job title Analyst
location London
member since 2007
Summary profile See full profile »
CEO of B.I.S.S. Research, founder of the BISS Independent Accreditation for all systems and services provided to financial services companies internationally. Guest Lecturer at Reading University and...

Gary's expertise

Who's commenting on Gary's posts