Innovation in Payments, Technology and Cyber Risk Management were all key topics at the Swift Business Forum New York 2018. 600 financial services professionals and industry experts recently gathered in the Big Apple to discuss the opportunities that innovation and collaboration provide.
Karen Webster, CEO and Founder of PYMNTS.com, and host of the event, set the tone for the day in her introduction. Webster noted that the forum marked an important opportunity for stakeholders in the global payments market to enhance B2B transactions to be frictionless, transparent and efficient.
Rana Foroohar, Global Business Columnist at The Financial Times and Global Economic Analyst at CNN, delved into the world of big tech in her keynote presentation. Foroohar noted that there is nothing to stop a company like Google or Amazon from moving into the financial industry in the US. The commonality is that a technology platform player can sit in the middle of a commerce market and take a percentage of every transaction. In many ways, this is similar to a traditional financial services model. US banks also sit on a tremendous amount of data that is not currently…
