03/11/2020 by Dominic Hobson 0 Comments
Come and meet the authors of the best book on payments ever written
It’s the book they are calling “brilliant,” “stimulating,” “thrilling,” “intriguing,” “authoritative,” “lucid” “a must read” and, yes, “amusing” - even though it’s about payments. If you work in correspondent banking or payments or securities or corporate treasury or trade finance or the law or consulting or at a FinTech, or indeed at anything in business and finance, you need to know what The Payoff is about.
Meet the authors at 14.00 London time on Tuesday 29 June
Join Gottfried Leibbrandt, Natasha de Teran and Dominic Hobson as they talk about The Payoff
The way the global payments industry works is different from the way insiders sell it and outsiders criticise it. Anyone who doubts the size of the gap between image and reality must read The Payoff, the new book by former SWIFT CEO Gottfried Leibbrandt and former SWIFT Head of Corporate Affairs Natasha de Terán, which will be published on 1 July. Between them they spent 21 years at SWIFT. But if you are expecting a textbook written by standards geeks, think again. The authors make a powerful case for payments infrastructure as the crucial barrier that stands between civilization and barbarism. Yet they do not shrink from depicting payments systems as expensive and opaque or from characterising innovations in payments as of the Potemkin variety. Leibbrandt and De Teran are even unfashionable enough to find banks necessary. After all, they say, banks fulfil tasks none of the apparent success stories – think PayPal and Square and Stripe – is willing to take on, such as counterparty, settlement and liquidity risk. Join us at 14.00 London time on Tuesday 29 June to put your questions to Gottfried Leibbrandt and Natasha de Terán, as they discuss The Payoff with Future of Finance co-founder Dominic Hobson.
Among the topics already up for discussion are:
1.Why do payments still cost so much (especially across borders)?
2. Does it make sense to talk of global payments markets?
3. Do payments service providers (PSPs) have a future?
4. Is there an underlying, structural bias against true innovation in payments?
5. Is fear of the FAANGs a feint?
6. What would a payments system without banks look like?
7. Does it ever make sense to start a challenger bank?
8. Why are banks so unenthusiastic about digital identities?
9. Is faster payment always good?
10. Is technology-driven change an illusion?
11. Does Europe need fewer but bigger banks?
If you have a question you would like to raise with the authors, send it now to Dominic Hobson at email@example.com