SIG: Payments & Finance
The Payments & Finance SIG is chaired by James Whittle, Head of Policy & Architecture at Pay.UK. James is responsible for Standards and Architecture and has led the establishment of the Standards Authority at Pay.UK. He is a thought leader on standards and is involved with various forums in the UK and internationally to advance how standardisation meets the evolving needs of industry and end-users. He has also worked with the G20 regulators to lead the development of ISO standards for the benefit of both the private and public sector, was extensively involved in PSD2 and co-chaired the European API Evaluation Group with the support of the European Commission & European Banking Authority. Kevin Hart, Chair of BASDA is Interim Vice Chair.
Aims & Objectives
Our objective is to inform and educate on the best-in-class payment infrastructure and standards for the benefit of our members and their customers. We will do this by maintaining close links and an understanding of national and international payments systems, Open Banking and Open Finance, all current and planned services and accompanying strategies, and wherever possible, influence the direction of travel and implementation of policy.
Educating on Common Standards and new Infrastructure
Influencing Policy Implementation
Providing Guidance to Members
Providing Latest Industry Information
Who should get involved
All software developers that facilitate payments should get involved in this SIG to ensure they are represented and their challenges help to influence the requirements and legislation being introduced. The SIG provides the opportunities to help influence decision making and implementation, in addition to providing foresight and product planning information vital for development road maps.