Balancing Speed & Security: Navigating the Future of Payments with Simon Taylor

From starting in Telco to battling cancer, Simon Taylor, now Head of Content and Strategy at Fintech Brain Food, has witnessed the transformative landscape of UK payments since 2005, including its 2% GDP boost. On the Payments Podium, he'll delve into the double-edged sword of faster payments leading to swifter fraud, the diminished security of push payments compared to cards, and the fading era of checks. He'll highlight the preventative strategy of warning users before transactions, the incoming "Confirmation of Payee" system under PSD3, and Europe's regulatory stronghold. Emphasizing the connection between fraud and data science, he'll shed light on Sardine's capability to detect unusual payment behaviors, especially scams targeting the elderly. With the surge of faster payments, he underlines the significance of strong customer authentication. Simon advocates for a balance in payment speed and security, suggesting that a bit of friction can be beneficial. Join us for an enlightening session on building secure payment networks and the essence of continual learning.