1. Transparency and Responsibility in Banking

2. 300 years of the Market and Milestones
In 1717, the Bank of England introduced the first pre printed cheque – a trend copied by all banks In 1950 Diners Club invented “card payments” In 1970 SWIFT was established In 1994 E-commerce was invented From 2000 online banking emerged From 2010 self service arrived, Challenge Banks emerged and the word Fintech became mainstream

3. Market Suppliers and Customers
Many regulated businesses seek to use or access key payments rails, national payments infrastructure and various card schemes to deepen their service offerings
They inherit legacy platforms, service friction and operational inefficiencies, with operational irritation being passed down to their customers
All customers now expect competitive service choice instantly

4. Our Market is in Flux Three key areas of change, already in flight
Transactional banking and /or Financial services
Realtime is not next day (later, lost or fotgotten)
PSD2/Open Banking “may” provide opportunities but does not guarantee business success, nor customer happiness

5. Services Focus - the “Google” effect
Transactional
Banking
evolution
Legacy Platform
24 x 7 x 365 RTGS
Cloud
Batch Services
evolution
Tied services
24 x 7 x 365 RTGS
Open Market
Variable service delivery
Financial
Services

6. Transactional Banking
ClearBank® invented a new service model Get regulated Open an account Choose your IT – ISO API White Label core banking Consume the services you require Deliver transactional efficiency and variety to your customers

7. Financial Services will follow suit
More market choice Greater customer exposure Differentials need to be clear New market of the anonymous Deliver service efficiencies and variety to your customers

8. The next few years will be fascinating