27 April 2015

Daniel Szmukler

Daniel Szmukler - EBA Group

9Posts 23,711Views 4Comments

EBAday

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.

Payments: a brave new world

04 June 2014  |  2217 views  |  0

As this year’s EBAday approaches, there is plenty of talk about what the retail payments landscape of the future will be like. Just as recent years have seen rapid change in this field, this trend only seems set to gather pace.  So what is on the cards for the coming years?

In the run-up to 2020, we are seeing convergence and mobile technology as the hallmarks of the changing market. By 2020, customers will expect to access banking services and make payments with a single click and a seamless user experience.  So what will drive this change?

The EBA's Electronic and Alternative Payments Working Group anticipates that non-banks will continue to spearhead innovative payments techniques. This pressure will compel many banks to accelerate their own development process so they can bring their own innovative payment platforms to market. But what of the laggards?

Inevitably some banks will not be able to keep up with the forthcoming change. Failing to invest in renovating their payments structure will render some institutions unable to meet customer demands for quick and simple retail payments.

For forward-thinking institutions the dilemma is not how to stay afloat, but how to thrive. One promising way to flourish in the brave new world is to embrace technology and turn to partners to deliver game changing payments solutions. Many of these potential partners will be exhibiting again this year at EBAday!

 

TagsPaymentsTransaction banking

Comments: (0)

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

Latest posts from Daniel

Focus needs to be replaced now by action

13 February 2015  |  2163 views  |  0  |  Recommends 0 TagsPaymentsTransaction bankingGroupEBAday

From Vision to Focus

25 November 2014  |  1715 views  |  0  |  Recommends 0 TagsPaymentsTransaction bankingGroupEBAday

A look back at EBAday 2014

23 June 2014  |  1742 views  |  0  |  Recommends 0 TagsPaymentsTransaction bankingGroupEBAday

Payments: a brave new world

04 June 2014  |  2217 views  |  0  |  Recommends 0 TagsPaymentsTransaction bankingGroupEBAday

A new era of transformation and convergence for banks

25 February 2014  |  2508 views  |  0  |  Recommends 1 TagsPaymentsTransaction bankingGroupEBAday

Daniel's profile

job title Director
location Paris
member since 2007
Summary profile See full profile »

Daniel's expertise

What Daniel reads
Daniel writes about

Who's commenting on Daniel's posts