There has been continuous change in the payments arena since the rise of mobile and instant payment infrastructures that use ISO 20022 messaging and associated overlay services such as request-to-pay (RtP) – not to mention Swift’s GPI and G4C cross-border payment platform overhauls.
This whitepaper examines the ‘coopetition’ between banks and fintech-enabled PSPs. The first section focuses on infrastructure modernisation, regulatory and payment developments such as digital marketplaces, ISO 20022, instant services and open APIs. Meanwhile, the second section delves into digitalisation and the future end state of payments, including CBDCs and AI.
Fintechs vs banks in the changing infrastructure layer
Collaboration dynamics
E-commerce orchestration
In search of ISO 20022 nirvana
Digitalisation, data sharing and open APIs
Open banking and innovations in the pipeline
The corporate angle
