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BACKCHAT / DIARY
Backchat
diversity problem. The FinTech 50, announced in April, highlighted this depressing state of affairs. Only two of the selected companies have female CEOs.
F What he said.
Be gone, pesky legacy technology! Worldpay is gearing up to move away from Royal Bank of Scotland’s creaking systems now that it has finished building its own system. The payments company is looking to shift customers on to it during the summer.
Worldpay has forked out around £450 million on the platform to date, and has put aside a further £100 million. As a result, it will be able to process up to 20 times more transactions. RBS sold its remaining 18 per cent stake in Worldpay in 2010 to private equity firms Bain and Advent, as part of state-aid rules attached to its £46 billion bailout during the financial crisis. Last year, Worldpay joined the London Stock Exchange in the UK’s largest IPO of 2015. Can you see what we did there?
Following intervention by the FCA, a Current Account Switch Service publicity blitz is underway in the UK. This includes roping in Economic Secretary to the Treasury, Harriett Baldwin, to bang the drum for increased competition in banking, and hiring PRs to scour media coverage. The following email arrived in our Editor’s inbox during March: ‘We work with Bacs on the Current Account Switch Service and I was very interested in the piece you wrote in IBS Journal. I was hoping you might be able to correct the headline and first paragraph where the Current Account Switch Service is described as ‘ailing’ and ‘struggling’. If you could help out on this, I would be grateful.
No can do, came our response, but we’re happy to give Bacs the right to reply on our blog. We’re now in May, by the way, and still waiting on their response…
IN THE NEXT ISSUE Feature Focus: Payments technology
Tom Price-Daniel, Director at consultancy Alderbrooke, comments: “Disruptors in emerging sectors have the flexibility to re-invent the rules and cast aside legacy issues that can be difficult to overcome in more established organisations. However, in order to achieve this goal, businesses must follow best practice when it comes to their talent strategies, which not only means identifying the best female talent that exists in this space, but also supporting their development to fill the top spots.”
or such a cutting edge sector, FinTech sure does have a gender
Diary
JUNE 7-8: PayExpo 2016, London
www.payexpo.com 14-15: European ATMs 2016, London
www.rbrlondon.com 20-21: Retail Banking Analytics Europe,
www.fc-bi.com
AUGUST
24-25: BankTech Asia, Jakarta
www.banktechasia.com
SEPTEMBER
8-9: FinovateFall, New York
http://fall2016.finovate.com 26-29: Sibos 2016, Geneva
www.sibos.com
OCTOBER
5-7: BAI Retail Delivery, Chicago
www.bai.org/retaildelivery 23-26: Money20/20, Las Vegas
http://money2020.com
For further information and a comprehensive listing of industry events, visit our website:
www.ibsintelligence.com
IBS Intelligence is a prominent media partner of many fintech industry events worldwide. If you are interested in a media partnership with us
and marketing opportunities, please contact: Abhijit Chakravarty, marketing manager: Email:
abhijitc@ibsintelligence.com
www.ibsintelligence.com © IBS Intelligence 2016
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