Latest opinions that Simon Wilson has shared on Finextra

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Simon Wilson

MD, Transaction Automation

valanticFSA

Member since

10 Mar 2017

Location

London

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Simon's opinions

Is Monetising Data the Key to Competing in Payments?

As competition in payments has increased, data has long been touted as the cure-all for incumbent banks. If banks could charge a transaction fee for every time they are told that ‘data is the new oil’, then there would be no need to worry about competing. But the inconvenient truth is that despite the vast amount of customer data that banks sit on...

04 May 2021 /payments

5 ways banks can compete in payments

Remaining competitive in payments is the key to future relevance and profitability for incumbent banks. But with incumbents now competing on multiple fronts against various players, how can they stay ahead of the competition? 1) Reshape attitudes towards data With the competition eroding banks’ traditional margins, a shift from a transaction-b...

21 April 2021 /payments

Who are banks competing against in payments now?

For several decades, incumbent banks have held a comfortable leadership position in payments. But the rapid growth of digital payments has signalled opportunity for new market entrants to attack this status quo. To develop effective strategies to stay ahead, incumbents must understand who their competitors are now, and assess how their strengths an...

01 April 2021 /payments /retail

Banking on the Future: Why Payments Transformation is the Key to Success

Standardisation, regulation and technological innovation means payments are well on the way to becoming instant, invisible and free. This is good news for everybody. Well, not quite everybody. Banks are now faced with the significant challenge of transforming business models and legacy technology systems to meet the demands of a new era in payments...

25 November 2020 /payments Banking Strategy, Digital and Transformation

Strange new world: What next for banks?

What’s next for banks in this strange new world we find ourselves in? Forget the forecasts and predictions, we are in uncharted territory and the honest answer is that no one truly knows exactly what is coming down the line. But what we do know is that accelerating payments transformation initiatives to be more cost effective, resilient, innovative...

23 July 2020 /payments /covid-19 Banking Strategy, Digital and Transformation

The end of the world as we know it: Banking’s new reality

There are decades where it feels like nothing happens, and there are weeks where decades seem to happen. In just a few months, COVID-19 has swept around the planet, more than half the world’s population has been forced into lockdown, far too many lives have been lost and entire industries have shutdown. A crippling global recession seems inevitabl...

24 June 2020 /payments /covid-19 Banking Strategy, Digital and Transformation

2019 predictions: Open Source, Instant Payments and PSD2 to spur payments transformation

Payments transformation will take centre stage for banks in 2019. Bank resilience hit the headlines in 2018, prompting the UK’s Treasury Select committee to announce a probe into the reasons for and the impact of – mainly payments related – IT failures. This comes after a number of well publicised events, where payment systems went down, and cust...

08 January 2019 /payments Payments strategies 2015-2020-2030

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