The FinTech Report Podcast: Episode 57: Piers Cracknell, GM Australia, BC Payments

Building the payments infrastructure for B2B clients, bringing payments lessons from Europe into Australia, and helping Australian fintechs scale globally


Piers Cracknell has 20+ years’ experience in banking, payments & fintech across senior roles at NAB, CBA and global fintechs in Australia & the UK.
Piers was recently hired by European bank – Banking Circle – to set up their Australian operation, which is known locally as BC Payments Australia,

In this podcast we discuss:

1. What does BC Payments do in Australia?
2. Difference between Banking Circle (EU) and BC Payments Australia?
3. Building the payments infrastructure for customers
4. In Australia: Typical clients (B2B, acquirers, issuers), access to NPP, access to cross border payment schemes
5. What’s driving growth for BC Payments? Time and cost of settlement
6. Need for KYC and AML frameworks, understanding all types of risks (eg onboarding process, ongoing monitoring and supervision of client)
7. Experience in Europe – how is it relevant for Australia?
8. View on future of payments – domestic & cross border