Access to Payment Schemes for Fintechs

Access to Payment Schemes for Fintechs

Michael Bond

15 years: Financial technology & banking

Since 2017 the Bank of England has provided a framework for non-bank payment service providers to access all UK domestic payment schemes. In this video, Michael outlines the route for Fintechs to get access to payment schemes.

Since 2017 the Bank of England has provided a framework for non-bank payment service providers to access all UK domestic payment schemes. In this video, Michael outlines the route for Fintechs to get access to payment schemes.

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Access to Payment Schemes for Fintechs

8 mins 51 secs

Overview

As Fintech continues to expand, they will increase their role in the day-to-day life of making and receiving payments for retail and wholesale customers. They will continue to get access to commercial banks and markets as they encourage growth and technological innovation in finance.

Key learning objectives:

  • Recognise the components of a payment scheme

  • Identify Fintech’s increasing role in payments

  • Understand the schemes provided by the UK and the Bank of England

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This content is also available as part of a premium, accredited video course. Sign up for a 14-day trial to watch for free.

Summary
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Expert
Michael Bond

Michael Bond

Michael currently works as the Director, Expansion & Banking at Trustly. Having previously worked as Head of Global Banking for ePayments. Similarly at Lloyds Banking Group as the head of fintech for the commercial bank. Also covered the public, tech, media and telecommunications sectors.

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