London is increasingly touted as the global home of financial technology. As the UK trade body representing new payments companies, the Emerging Payments Association sits between some of the world’s most progressive payments companies, incumbents and the regulators. Aiming to help a growing community of payments disruptors influence the industry and get access to the buyers, sellers and partners they need to develop their businesses, the EPA is at the heart of the region’s flourishing fintech ecosystem.
Tony Craddock is the EPA’s director general. During an interview in the Finetics™ Studio at Money20/20 in Las Vegas, he talks regulation in Europe versus the US, challenging the big banks, education and what’s next for payments in 2016.
“It’s about getting people to understand the scale and nature and shape of the opportunity and then working out how to engage with the community to make sure they can capitalise on the opportunity,” says Craddock.
“Everything is moving really fast, the ecosystem is massively complex: there’s new people, new players, new tech and new regulation – it’s about making sense of it in a way that means the customer is happy and there is profit in the model.”
For more insight balancing compliance and regulation with innovation, check out the Finetics blog for interviews with The Bancorp head of AML and sanctions risk Pawneet Abramowski, Hyperwallet CEO Brent Warrington, The Bancorp COO & EVP Gail Ball & Manatt Phelps & Phillips Partner Barrie VanBrackle.
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