Wednesday 27 June 2018
PLENARY BREAKFAST SESSION
Introduction from Gold Session Sponsor Global Payments
Looking at Australia's New Payments Platform and Payments Network
Presentations from Dr Leila Fourie from Australian Payments Network and Katrina Stuart from the New Payments Platform Australia, will be followed by a Fireside Chat Q&A with our MC Nadine Higgins.
The intersection between innovation and security
Australian Payments Network is the self-regulatory body for Australia's payments industry and has over 100 members, including leading financial institutions, major retailers, payments system operators and other service providers. The expansion of the digital economy in Australia is exponential, but as the online world of payments is growing, so too is the risk of fraud. CEO Dr Leila Fourie will discuss the intersection between innovation and security and the fine balance between risk and reward. She will elaborate on fraud trends and present the industry response to this.
Revolutionising Australian payments – the arrival of the New Payments Platform
Launched to the Australian public earlier this year, Australia’s New Payments Platform (NPP) is the world’s latest real-time payment system. With real-time clearing and settlement, along with the adoption of the ISO20022 messaging standard, the NPP is world class payments infrastructure enabling fast, versatile, data-rich payments which will meet the evolving needs of a 24/7 digital economy and provides a platform for future innovation. Katrina will give an overview of the NPP, its potential to revolutionise the way Australians make payments and drive innovation and what the future holds for the NPP.
Culture and digital transformation: New business models, new revenue streams
What does it mean to be living in ‘digital culture’ and how does it relate to payments? In this presentation, Carolyn will explore the digital forces that are shaping culture, outline the benefits, challenges and risks associated with digital technology, and discuss what is required to thrive in this ‘always-on’ digital world. The presentation will draw on case studies from leading banks around the world that are adopting a new organisational mentality and new technological approaches to transform their organisation – responding to the need for real-time immediacy and highly personalised services that are part of the new digital culture.
Disruption and collaboration in cross-border payments
Sponsored by SWIFT
In an increasingly digitised world, a growing ecosystem of nimble start-ups and fintech companies are taking advantage of new technologies, lesser legacy and regulatory burden to meet higher customer expectations. Some would say that banks have been slow to react, however the recent launch of the New Payments Platform in Australia and SWIFT’s global payments innovation (gpi) initiative are two examples of how these dynamics have driven an unprecedented level of industry collaboration. With multiple markets implementing real-time payments systems whilst improving the cross-border payments experience for their customers, do we now have an opportunity to provide near real-time cross-border payments to our customers in the very near future?
Canada’s digital ID framework
The DIACC is a non-profit coalition of public and private sector leaders committed to developing a Canadian digital ID and authentication framework to enable Canada's full and secure participation in the global digital economy. Digital Identity is the key to unlocking economic and societal opportunities for all Canadians. This session will share Canada’s public and privacy sector collaborative strategy to move GDP through secure, convenient, and privacy-respecting Digital Identity innovation.
The unexpected consequences of open banking
Sponsored by ASB
The UK has become a laboratory for open banking because of the early confluence of the European Commission’s Second Payment Services Directive (PSD2), the UK Treasury’s open data initiative (ODI) and the UK Competition and Market Authority (CMA) “remedies” for competition in financial services. We are exploring and developing bank strategies in response to open banking and understand the key digital enablers for successful execution. We are also learning how it may already have gone horribly wrong with unexpected consequences of some magnitude.
Breakout stream 3
12.40pm - 2.10pm
Immediate payments, cyber security, data privacy, customer protections, and richer payments data. This stream will comprise of 2 speakers and a panel. This stream will be facilitated by Steve Wiggins, Chief Executive, Payments NZ.
The payments industry is changing – are you ready?
Finastra is a global leader in delivering innovative digital payments platforms, open APIs and real-time payments solutions. David draws from Finastra’s experience to provide strategic insights on key global digital payment trends in real-time payments, data rich digital payments, and open APIs. He will present what these strategic insights mean for the future of the New Zealand's payments ecosystem. David will also challenge the banks' thinking about the upcoming wave of changes, and how soon they need to adapt.
The instant payment revolution in Asia and what it means for corporates in New Zealand
Citigroup provides consumers, corporations, governments and institutions with a broad range of financial services and products that enable growth and economic progress.
Asia is the world’s largest eCommerce region with both digital natives and traditional corporates focused on growing online sales and creating a better user experience for their customers. Scott will discuss how technology and regulatory forces are enabling societies to leapfrog technology and buy more and more goods and services online, resulting in a payment landscape that is rapidly evolving to support mega-volumes of digital micro-payments processed around the clock. Historical clearing, bank systems and infrastructure are needing to adapt to 24x7x365 instant payments with real-time information. Scott will also cover how governments and banks in Asia are responding to help corporates increase online sales, support ecosystem partners more and provide better services to customers and suppliers.
Data privacy and customer protections
In an era where unfathomable amounts of data are collected, stored, analysed, created and monetised – the storing of privileged documents and customer data in digital environments and systems is a major concern for businesses and consumers. Is it possible to protect privacy, while also enhancing customer experience and innovating? Are customers getting a fair return for sharing their information? And is more regulation the answer to providing a framework for us to operate in today’s digital world?
Breakout stream 4
12.40pm - 2.10pm
The Euro crisis, Asia’s digital payments, global state of payments, and global remittance platforms. The stream will comprise of 3 speakers and will be facilitated by our conference MC Nadine Higgins.
Bigger than the GFC - Target 2 and the Euro crisis
With globally connected financial markets we are always at risk of offshore events. There is a looming financial crisis happening and it seems to be too complicated to cause the real fear that it deserves - Europe’s Target 2. Many finance experts, bankers and journalists have not even heard of it in this part of the world, but it poses a greater risk to the NZ economy than falling agricultural prices or the GFC. Dr Hartwich will share what is going on, why and just how big a problem we need to confront.
The transformation to digital payments in Asia
Pembayaran Digital (Digital Payments Asia Pacific) is an independent payments strategy, consulting, education and research company with years of hands-on experience with transformational payment programmes in Asia Pacific. A fundamental paradigm shift is occurring in payments in emerging Asian markets, and it is progressing at a rapid rate. The result is the displacement of cash by digital payments, and an opportunity for the unbanked to participate in a digital economy. Paul will explain the drivers of digitisation in payments across Asia, why the market dynamics and demographics have created the ideal environment for this change now, and who are the key players leading the transformation. Paul will share his experiences working in two Asian markets and use real examples to illustrate the forces at play.
How does the payments landscape in New Zealand compare globally?
RFi Group is a global intelligence and digital media provider specialising in data and information gathering, customer based insight generation and business decision support for the world's leading financial service providers. Globally, RFi have seen significant shifts in payment usage and preference in recent years with the rise of contactless cards and mobile payments and the decline of cash. The recent emergence of Buy Now Pay Later services has impacted on how consumers make payments online. Kate will talk about how consumers are paying in New Zealand compared to other markets and identify key payment trends globally and in New Zealand. She will also explore the primary barriers to and drivers of mobile wallet adoption as well as what impact we can expect from the rise of Buy Now Pay Later services in New Zealand.
The world is better than you think
Sponsored by TSB Bank
New stories can help us imagine many futures, and direct our imaginations towards the futures we want. This story is about people who are making the world a better place. It's about opportunities and solutions, rather than problems and threats. It's a story that's informed by intelligent, evidence based optimism.
Audiences will walk away from this presentation with insights into the technologies that are creating a new narrative for mankind, and the science behind them. They'll learn how our cognitive biases distort our view of the world, making us feel unnecessarily pessimistic, and preventing us from achieving our true potential.
Participants will gain a renewed sense of hope, purpose, and commitment to problem solving, innovation and organisational change.
Future Crunch creates dynamic and entertaining presentations on a diverse range of topics from politics, biology, mathematics and economics to design, poetry, art and music designed to empower people to contribute to our future.
Riding the exponential wave of change
What do nanotechnology, bioinformatics, artificial intelligence, and robotics have in common, and, more importantly, what do they have to do with you? Join Kaila for a startling look at the dramatic implications of exponential technologies, and some insight into how we might better prepare ourselves to adapt and thrive in a dynamically changing world.