WHO’S BEEN SAYING WHAT
IBS Journal August 2016
49
Quality quotes from the banking tech world “The UK vote to leave the EU is a challenge but an exciting opportunity. Our creative, dynamic approach to
business will now be able to move forward more quickly and won’t be held back by a political union that is not moving with the times. Focus on the positive benefits and opportunities that may be available to strengthen the UK’s global status. FinTech startups are a huge benefit to the end consumer. Now is the time to be bold, to increase the attractiveness of investing in British businesses, reduce tax and broaden access to highly skilled tech employees regardless of their nationality.” Innovate Finance member
“If Donald Trump becomes President of the US, there is the very real prospect of turmoil on world markets; the
Economist Intelligence Unit ranks his Presidency within the Top 10 global risks. However, Bitcoin trading would thrive in such an environment, at least until the impact on major fiat currencies becomes clear.” Juniper Research’s Dr. Windsor Holden
“We need a new system, a new architecture for payments that can respond quickly and painlessly when
innovators want to develop better products for us. The future system needs to be modern and open to new entrants so there’s more competition and dynamism in payments. But we still want the reliability and resilience we’re used to. In this climate of increasing cybercrime we need to make sure everyone is kept safe. We’ve got the technology to do it now. The regulators are ready. We need the structure to make it happen.” Ruth Evans, Chair, UK’s Payments Strategy Forum (PSF)
“I could see (digital wallets) absolutely
displacing plastic and I’m not talking in 10 years, we’re talking in a much shorter period of time than that. Australians have voted with their feet and their actions, and they’re using Visa payWave. The step from pulling out your card from your wallet and tapping it, and your phone, which is probably already in your hand, and tapping it on, is a really small step.” Shayne Elliott, Chief Executive, ANZ
“Mobile payment services haven’t had the speed of uptake and usage we expected due to a variety of reasons.
These include low levels of consumer awareness of mobile payments and relatively low volumes of contactless terminals, especially outside the major retail brands, although contactless transactions in general are growing.” Rob Ellis, CEO, Semble
“We’re extremely sad to announce that Droplet is being withdrawn. We started Droplet in 2011 with the hope of
making payment simpler, friendlier and mobile-first, and more recently to allow merchants to offer better loyalty rewards to their customers. But sometimes things don’t work out. We always knew it would take significant investment to give Droplet the scale it would need to succeed. In spite of being well supported by our investors through thick and thin and having tens of thousands of customers and hundreds of paying merchants, we never got to the scale to make Droplet viable as a profit- making business.” Steffan Aquarone, CEO, Droplet
“The EU referendum was bad news for London…But this city got through the Great Fire of London, the Plague, the Blitz and Lehman Brothers and I’m sure we can survive Brexit.” London Deputy Mayor for Business, Rajesh Agrawal
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