The past few years has seen an exponential rise in activity in the payments arena with Opening Banking, cryptocurrencies and digital wallets coming to the fore. And now the development of the New Payments Architecture, RTGS renewal and ISO20022 brings even more change – change that is all happening at the same time.
In the past the world of payments may have encountered one or two major developments at a time, but now we are seeing an unprecedented level of change. Increasing customer expectations are forcing banks to think more strategically about payments and re-evaluate their business models – front to back – from the customer experience to how payments are processed. Where do they need to modernise? And how?
Our payments solutions
The payments landscape is constantly evolving. Regulatory changes, increased competition and innovation, changing customer behaviour and new technology are shifting the payments industry and banks, corporates, and payments processors need to react.
We offer a wide range of solutions and services to support our financial services, corporate and government clients to drive their payments transformation.
Payments Modernisation – Retail Banking
Payments Modernisation – Retail Banking
- Payments Infrastructure Design and Implementation
- ISO20022 Implementation & leverage
- Customer journeys
- Testing Services
- Operational Resilience
Payments Modernisation – Wholesale Banking
Payments Modernisation – Wholesale Banking
- Realtime liquidity
- Contracted Settlement v/s Actual Settlement
- Tokenisation of Fungible and Non Fungible Assets
- Testing Services
- Operational Resilience
Payments Regulation and Compliance
Payments Regulation and Compliance
- Payments Regulatory Transformation
- FCA Authorisation and Registration assistance
- Compliance reviews and assurance
- Financial Crime prevention and detection
National Infrastructure & Transformation Delivery
National Infrastructure & Transformation Delivery
- NPA & SEPA Instant Implementation
- Real Time Payments delivery and assurance
- FMI Design, Development, and Delivery
- Scheme Design & Support
- Payments Operations Transformation
- Target Operating Model Design and Development
Payments Strategy and Product
Payments Strategy and Product
- Strategy
- Product Design (digital payments, card services, merchant acquiring, open banking)
- Payments Change
- Partnerships and Deals
Open Banking and Finance
Open Banking and Finance
- Implementation and transformation support
- Regulatory compliance
- Commercialisation
- Technology
Why KPMG ?
Our UK Payments Consulting team has subject matter expertise at a business and technical level and extensive knowledge and experience in Payments transformations working with a variety of payments companies including banks, fintechs, and payments processors.
We also have an extensive global network of Payments professionals that will be leveraged to bring the best insights and learnings to your Payments transformation journey.
Given KPMG’s significant involvement in multiple implementations of critical national infrastructure systems around the world, we have a unique insight into the challenges and opportunities that lie ahead and can help shape the strategy, mobilise programmes and lead your end-to-end payments transformation.
We work closely with our clients to understand their market, trends and forecasts, develop the right strategy and then help them implement it.
Get in touch with us to discuss how we can help.
