Are banks done? Four possible visions for the future

Possible outcomes of current disruption in the payments industry could take a number of forms. Here are four favourites

Blending new and old

Financial institutions need to support traditional payment mechanisms while moving to embrace new digital channels demanded by customers – having the right technology in place is essential

Global real-time payments

The UK’s Faster Payments Service and Sinapore’s FAST are the blueprints for worldwide adoption of real-time payments, says Marc Terry, managing director, commercial services at VocaLink