5 influences on payments in 2016

Usually at the start of a new year, we try to make predictions of what lies ahead; comparisons of previous predictions show we get it wrong more often than not. Instead, this year I’d like to highlight five things that will definitely influence payments this year.

One thing that’s become clear is that although many of the predictions are aimed at banks, they themselves have no real plans for innovation at all. Most banks are concerned with dealing with the fallout from PPI, Packaged Bank Accounts and other mis-selling problems, and getting their infrastructures and platforms into a good state. What you hear little of if you follow the trade news is any major sales of any new applications, platforms or innovations. It appears that the banks are too busy fixing to innovate, and this situation will continue (I fear) for a while yet.
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Simone Olckers

Editor at Talan
Simone fulfils the main editorial function for all new content on Talan Innovation. She was previously the online editor for a luxury magazine based in Cape Town, South Africa. Her interest in innovation and technology is in it's application to the fashion industry. Simone began curating articles for Talan Innovation in December 2014. She is currently busy with her MBA in Fashion Business at IFA Paris.

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