{"id":6003,"date":"2021-01-06T10:38:58","date_gmt":"2021-01-06T10:38:58","guid":{"rendered":"https:\/\/newmoneyreview.com\/?p=6003"},"modified":"2021-01-14T10:23:47","modified_gmt":"2021-01-14T10:23:47","slug":"in-the-thick-of-payments","status":"publish","type":"post","link":"https:\/\/newmoneyreview.com\/index.php\/2021\/01\/06\/in-the-thick-of-payments\/","title":{"rendered":"In the thick of payments"},"content":{"rendered":"<p style=\"font-weight: 400;\">Europe\u2019s\u00a0<a href=\"https:\/\/newmoneyreview.com\/index.php\/2020\/08\/14\/uk-fractures-eu-fintech-consensus\/\">introduction over two decades ago<\/a>\u00a0of 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 (\u2018fintech\u2019).<\/p>\n<p>Nilixa Devlukia, our guest on <a href=\"https:\/\/blubrry.com\/newmoneyreview\/72344882\/in-the-thick-of-payments\/\">the latest <em>New Money Review<\/em> podcast<\/a>, is a regulatory payments expert who has worked at the top level of European government.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-6002\" src=\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/01\/nilixa.jpg\" alt=\"\" width=\"200\" height=\"200\" srcset=\"https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/01\/nilixa.jpg 200w, https:\/\/newmoneyreview.com\/wp-content\/uploads\/2021\/01\/nilixa-150x150.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/p>\n<p><em>Nilixa Devlukia<\/em><\/p>\n<p>After starting her career as an in-house lawyer at UK bank Barclays, she became the head of payments policy at the UK\u2019s Financial Conduct Authority (FCA), a six-year stint that included a year\u2019s secondment to the Paris-based European Banking Authority (EBA), one of the three main European Union (EU) financial supervisors.<\/p>\n<p>Then, before returning to the private sector as a consultant, Nilixa worked for a year as head of regulatory policy at the UK\u2019s 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.<\/p>\n<p>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.<\/p>\n<p>In the podcast, Devlukia and <em>New Money Review<\/em> editor Paul Amery discuss:<\/p>\n<ul>\n<li>How Covid-19 has accelerated digital payments and changed money<\/li>\n<li>Open banking, open finance and open data<\/li>\n<li>Banks and the rise of fintech<\/li>\n<li>Why central banks are challenging big tech firms\u2019 ambitions in money<\/li>\n<li>Protecting consumers in the age of cryptocurrency<\/li>\n<li>Banks\u2019 liability after authorised push payment scams<\/li>\n<li>Why we may have to pay for refund protection<\/li>\n<li>Why 2021 will be a big year for central bank digital currencies (CBDC)<\/li>\n<\/ul>\n<p><em>To listen to the podcast, <a href=\"https:\/\/blubrry.com\/newmoneyreview\/72344882\/in-the-thick-of-payments\/\">click here<\/a><\/em><\/p>\n<p><em><a href=\"http:\/\/eepurl.com\/du6eTr\">Sign up here<\/a> for the New Money Review newsletter<\/em><\/p>\n<p><em><a href=\"https:\/\/blubrry.com\/newmoneyreview\/\">Click here<\/a> for a full list of episodes of the New Money Review podcast: the future of money in 30 minutes<\/em><\/p>\n<p style=\"text-align: center;\">*************<\/p>\n<p style=\"text-align: left;\"><strong>Documents\/websites mentioned in the podcast<\/strong><\/p>\n<p>The UK Department for Business, Energy &amp; Industrial Strategy\u2019s (BEIS) <a href=\"https:\/\/www.gov.uk\/government\/publications\/smart-data-review\">smart data review<\/a><\/p>\n<p>The G20 Financial Stability Board\u2019s <a href=\"https:\/\/www.fsb.org\/2020\/10\/regulation-supervision-and-oversight-of-global-stablecoin-arrangements\/\">recommendations on the regulation, supervision and oversight of stablecoins<\/a><\/p>\n<p>The European Commission\u2019s <a href=\"https:\/\/eur-lex.europa.eu\/legal-content\/EN\/TXT\/?uri=CELEX%3A52020PC0593\">proposal for a regulation on markets in crypto-assets<\/a> (MiCA)<\/p>\n<p>The European Union\u2019s <a href=\"https:\/\/ec.europa.eu\/info\/law\/payment-services-psd-2-directive-eu-2015-2366_en\">second payment services directive<\/a> (PSD2)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Europe\u2019s\u00a0introduction over two decades ago\u00a0of 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 [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":6001,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1053,1026,1014],"tags":[],"class_list":{"0":"post-6003","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-featured-1","8":"category-latest-slider","9":"category-payment"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>In the thick of payments - New Money Review<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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