This week Liz Lumley is joined by Roberta Profeta, associate principal financial services, Elca Advisory where they comment on the upward rise of interest rates and its impact on banks and bank reputations, asking too much from open banking, the complexity of fighting climate change via financing activism, the launch of FedNow in the US, M&A rumours with Monzo and predictable behaviour from Microsoft, the company that just get let go of bundling.

As a bonus to this episode, Liz Lumley also sits down with Victoria Cleland, executive director for payments at The Bank of England to talk about RTGS, IS0 20022, the New Payment Architecture and the bank’s role in modernising global payments rails.

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The Banker Midweek | July 19, 2023