Profile

Location

Oxford

Member since

2006

Joss Wilbraham

Payments Consultant/SME at WMG Consultants Ltd.

Posts: 0 Comments: 7

Bio Joss is a payments expert with over 20 years experience in Financial Services and payments innovation. He has been instrumental in the successful development and delivery of complex payment solutions including the new UK Payments Scheme, Faster Payments & has an in-depth understanding of payment and Career History WMG Consultants (Clients include the FCA, JP Morgan Chase, HSBC, Barclays, RBS, Choice Money Transfer, Earthport, Monitise), VocaLink and Cap Gemini

Joss is Commenting on

HSBC aims to dodge the iceberg with digital-only banking project

Andrew - It is quite understandable when you look at the state of the legacy infrastructure of banks like HSBC. This approach -also referred to as 'speedboating' by some - will become increasingly common amongst the large, legacy banks. You are right, they could invest in other challengers but that would most likely not give them enough influence over the functionality and more importantly, more control over customer migration. With regard to Open Banking/PSD2, I'm afraid there is still plenty of room for improvement (just look at rhe debate with the banks and CMA9 in the UK!). As a business and retail customer of HSBCs, I am now left wondering how long will it really be before I can jump aboard their new Sunseeker because I now know that they are not going to invest in their existing platform.

04 Sep 2018 Reply Read article

Curve partners Xero to automate expenses

Sounds great useful but does it reconcile my receipts too??

02 Oct 2017 Reply Read article

Is Paym a failure?

Thanks Hakim. You are correct in highlighting the poor take up of the PAYM Service; a significant part of this can be attributed to the poor marketing and dependence on mostly clunky, mobile banking platforms. That said, the industry now has a database which can be enhanced and used for other purposes. One obvious use case would be to mandate its use prior to the origination of Faster Payments (to check the beneficiary details prior to processing), thereby reducing misdirected payments.

11 Feb 2016 Reply Read article

UK set to make 120 million payments a day by 2024

It's a bold call to make predictions in payments nine years ahead. Undoubtedly, the volume of electronic payments will increase significantly, however, I don't agree with the Debit Card estimates. What about the impact of bank overlay services such as ZAPP's 'pay-by-bank'? A similar service in the Netherlands, called 'iDeal' now processes approximately 60% of all online payments compared with 4% via Debit Cards. Whether it is ZAPP or another provider, such services are going to dominate the European payments landscape as clearers and payment service providers convert to real-time processing.

15 Oct 2015 Reply Read article