Intro To 'Faster Payment Systems' - implications for emerging economy payment systems

August 22, 2017
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7.30am EDT / 1130am UTC
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Topic: Introduction To 'Faster Payment Systems' and implications for emerging economy payment systems

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Date:  August 22 2017

Time:  07h30 EDT  |  11h30 UTC
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Presenter: Dr Brad Pragnell

About This Webinar:
One of the complaints levelled at traditional bank-based payment systems is the slowness of value to end-users.   Payments through these systems can often take several days to reach the recipient.  These traditional payment systems no longer meet the needs of end-users in a real-time world of internet and mobile.  In their own way, the limitations of these legacy systems have fuelled the recent growth and interest in payments innovation. 

Banks have not been idle, however, and in response, have developed “faster payment systems” to better meet the needs and expectations of the digital world, as well as meet the competitive challenge presented by mobile network operators, technology giants and fintechs.

Beginning with the introduction of UK Faster Payments in 2008, there are now dozens of faster payment systems in operation or being developed.  This webinar traces the emergence of these systems, exploring how faster payment systems are both different from and similar to traditional bank-based payment systems.  Importantly, the webinar will explore the implications of faster payment systems for emerging economies, issues for industry participants and policymakers and where these systems sit alongside other innovations such as mobile payments and distributed ledger technology.


About Dr Brad Pragnell
Dr Brad Pragnell is a Canadian-Australian has been involved in the financial services industry for over 20 years, providing leadership and delivering meaningful outcomes for member organizations, their stakeholders, and regulators. He has held Executive-level roles within CPA Australia, the Association of Superannuation Funds of Australia, the Australian Payments Clearing Association. He is currently the executive consultant to Payments Canada for their payments modernization program. He obtained his PhD in Industrial Relations and Organizational Behavior from the University of New South Wales (Australia). 

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