The Payment Expert Podcast

Open Banking's Biggest Problem: The FCA Has a Plan | Ep. 15

Open banking has a problem and the FCA finally has the statutory powers to fix it.  We sit down with Andrew Self, Head of Open Banking & Finance at the Financial Conduct Authority, to find out what the new regulatory framework actually means for the UK's open finance future. From variable recurring payments to the 2028–2030 Open Finance roadmap, Andrew breaks down the real obstacles, commercial models, consumer trust, data access and how the FCA plans to solve them. 🎙️ IN THIS EPISODE: Intro: Why open banking is at a crossroads The FCA's new statutory powers explained Why the commercial model has failed so far Variable recurring payments (VRP) — the game changer? Reliability & error messaging: the industry's weak spot Open Finance vision: mortgages, SMEs, and pensions The PRISM framework: how the FCA prioritises use cases What needs to happen before 2028 🔔 Subscribe for weekly payments, fintech, and financial services news. #OpenBanking #OpenFinance #FCA #Fintech #UKPayments

Capgemini- Fraud Beyond The Banks| Ep. 014

In this episode, Oliver Hanmer, Managing Director of UK Financial Crime Compliance Advisory at Capgemini, shares insights from the global anti-scam summit, discusses the evolving landscape of financial fraud, the role of AI, and the importance of cross-sector collaboration in combating fraud. Key Points * Global Anti-Scam Summit insights * Role of AI in fraud detection and prevention * Cross-sector collaboration between finance, telecom, and social media * Regulatory incentives and misalignments * Impact of instant payments on fraud * UK's national fraud strategy and online crime centre Host: Louis Thompsett Guest: Oliver Hanmer Producer: Anaya McDonald Editor: Anaya McDonald Learn more about the latest payments insights: https://paymentexpert.com [https://paymentexpert.com/]

The Future of Payment Automation with UK Payments Initiative (UKPI)| Ep. 013

This episode features insights from the launch of the UK Payments Initiative (UKPI) at Money20/20 Europe, focusing on how Commercial Variable Recurring Payments (cVRPs) are transforming the open banking landscape. Experts discuss the phased rollout of these payment methods, regulatory and pricing frameworks, and the ecosystem collaboration required for widespread consumer adoption. Key Topics * The evolution of UKPI and the shift to commercial-driven open banking * Commercial Variable Recurring Payments (cVRPs) vs. traditional direct debits and cards * The phased rollout of cVRPs (Wave 1 restricted use cases to Wave 2 broader applications) * Consumer benefits, including payment parameters, visibility, and control within banking apps * Regulatory considerations, independent pricing principles, and mitigation of litigation risks * Technical plumbing, industry collaboration, and transaction volume as key success metrics Host: Louis Thompsett Guest: Richard Mould Producer: Anaya McDonald Editor: Anaya McDonald Learn more about the latest payments insights: https://paymentexpert.com [https://paymentexpert.com]

Stablecoins and AI at Money20/20 Europe | Ep. 012

This episode features insights from the Money2020 Europe event, focusing on stablecoins, agentic AI, regulation, tokenisation, and fraud prevention in the payments industry. Experts discuss industry milestones, regulatory frameworks, and the future of payment innovations. Key Topics * Stablecoins and their regulatory landscape * Agentic AI and its impact on payments * Tokenisation projects like Project Agora * Industry consolidation and M&A activity * Fraud and identity security advancements Host: Louis Thompsett Guest: Justin Jacobs Producer: Anaya McDonald Editor: Anaya McDonald Learn more about the latest payments insights: https://paymentexpert.com [https://paymentexpert.com/]

Beyond the Rail: Pay.UK’s Vision for a Multi-Money World| Ep. 011

In this episode Host, Louis Thompsett is joined by Justin Jacobs, Chief Policy and Engagement Officer at Pay.UK,  to discuss the future of digital money, interoperability of payment rails, trust, and security in a multi-money world. This episode explores opportunities, risks, and the evolving landscape of payments in the UK. Key Topics * Multi-money world and payment interoperability * Opportunities in programmability and new use cases * Resilience and diversity of payment options * Trust, consumer protection, and fraud prevention * Regulatory adaptation and industry collaboration Host: Louis Thompsett Guest: Justin Jacobs Producer: Anaya McDonald Editor: Anaya McDonald Learn more about the latest payments insights: https://paymentexpert.com [https://paymentexpert.com/]