BNY Mellon in FX-MM: We are on the threshold of a payments reformation

Dominic-2 June 2015Fintech companies are gaining in number and strength (at least 4000 fintech start-ups are currently active and more than a dozen of these are valued at over US$1 billion), and are approaching the world of transactions with new ideas, a new perspective and unparalleled technology proficiency. This combination is a powerful force, and fintechs have already made significant headway in the retail and consumer space, developing attractive, client-centric offerings that aim to significantly improve the payments process and user experience. In FX-MM, Dominic Broom, Head of Treasury Services EMEA, BNY Mellon, examines how fintech has the potential to completely redesign how we process payments, and how the developments seen in the retail space are just the beginning.

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