In the thick of payments

Europe’s introduction over two decades ago of a legal framework for new payments technology and electronic forms of money has been credited with making the region a global hotbed of financial technology (‘fintech’).

Nilixa Devlukia, our guest on the latest New Money Review podcast, is a regulatory payments expert who has worked at the top level of European government.

Nilixa Devlukia

After starting her career as an in-house lawyer at UK bank Barclays, she became the head of payments policy at the UK’s Financial Conduct Authority (FCA), a six-year stint that included a year’s secondment to the Paris-based European Banking Authority (EBA), one of the three main European Union (EU) financial supervisors.

Then, before returning to the private sector as a consultant, Nilixa worked for a year as head of regulatory policy at the UK’s Open Banking Implementation Entity (OBIE), an entity set up by the UK Government to promote better technological, data and governance standards in the banking sector.

In the wake of the coronavirus and as more and more of our economic activity goes online, this area of policy now extends far beyond banking and finance.

In the podcast, Devlukia and New Money Review editor Paul Amery discuss: