NPA: The New Payments Architecture That is Here to Stay 2022 | Finextra | 21 September 2022 | Online

The event will be the foundation for the future of the UK payments infrastructure. By incorporating Faster Payments through Pay.UK into a central, ISO 20022 compliant architecture, the NPA is slated to simplify innovation, lower costs, and increase competition across the payments landscape.

The timeline for the NPA is already underway, with many having submitted documentation to Pay.UK in early 2022. However, the drivers for NPA are still not totally understood and with the timeline in progress, the pressure is building to ensure payments companies and financial institutions alike leverage this opportunity.

Alongside this, many are questioning whether Faster Payments is being adopted by consumers, and if this will steal market share from other payment methods. Further, new consumer payments and changes in behaviour may also have an impact on Faster Payments.

However, the benefits of NPA have been called out and it is evident that this architecture has a role to play in embedded finance, hyper-personalisation, contextual payments, or even the metaverse. By joining the scheme, incumbent organisation may also be able to improve their internal agility and scalability.

To join our panel of industry experts as they discuss the following areas:
• What were the drivers for the establishment of the NPA?
• What can be expected from the NPA?
• What can we learn from other real-time payments implementations that could be applicable to the UK?
• What opportunities will be made available following the implementation of NPA?

2022 Speakers

MODERATOR:

Gary Wright
Head of Research, Finextra

SPEAKERS:

Somya Patnaik
Global Solutions Leader, Real-Time Payments

Kevin Brown
Director, Payment Industry Insights