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Jun 17, 2019 | Media Coverage

Payments, What's New? Howard Young joins panel at London Tech Week

London Tech Week is a world-class hub of innovation. Howard Young (Global Head of Channel Partners) was part of the 'Payments, What's New?' panel.

By Charley Brooke Barnett (Digital Editor) - The Fintech Times

On the third day of London Tech Week, the TFT team headed to Barclays Rise, a start-up playground in the heart of Shoreditch. The location played host to the ‘Payments, What’s New?’ event, which brought together a room of industry professionals ready to dissect the subject at hand.

The panel, moderated by TFT’s own senior editor Matthew Dove, consisted of Howard Young, (Global Head of Channel Partners, Western Union Business Solutions), Mark Bolsom, (MD UK, M3 Payments), Nigel Green, (MD, GPS Capital Markets) and Aleks Stefanovski, (VP Banking, CurrencyCloud).

Young opened proceedings on how the rate of change is making the payment space more aggressive. The nimble fintechs have created a playing field which is better, cheaper and faster for the consumer. The sheer size of the big banks and their decaying technologies make them far less agile in orchestrating innovation. Stefanovski put it succinctly, “banks have to embrace change and partner or risk falling behind.”

Read more why what he says fintech is creating faster and cheaper payments services for customers: The Fintech Times