Regulatory Fragmentation and Real-Time Payments

26 September 2018

There is a lively debate on whether the modern real-time payment infrastructures came into being through regulation or out of commercial necessity and end-user demand. Although regulators are almost always involved in a catalyst role, the extent varies considerably.

Regulatory mandate is quite clear in some geographies (Mexico, Hungary, India), but not in others (Sweden, Denmark). Most geographies falling somewhere in the middle ground of regulators offering encouragement to varying degrees (Singapore, Australia) and passing legislation that encourages adoption of real-time payments as one of several possible options.

Yet, it is undeniable that even in the absence of an enforceable mandate, regulations (and regulators) play a key role in shaping the creation of the real-time payment schemes and are a key factor in how these schemes evolve.

Our new whitepaper: “Regulatory Fragmentation and Real-Time Payments” explores these ideas in more detail.


Gene Neyer

Gene Neyer advises financial and technology companies on various aspects of Payment Modernization. He is a current member of the GFFT (successor to the Fed Faster Payments Taskforce) and the president of Supplier Committee at BAFT. Previously, Gene was a Head of Industry and Regulation for Finastra, and an SVP, Head of Product Management for D+H and Fundtech. Gene has almost 30 years of experience in product management and IT Leadership at some of leading financial services vendor and banking organizations. He is a past representative to EBA, Fed, IPFA, TCH and other industry organizations. He has written and lectured on various aspects of global payments, real-time payments and blockchain and is a regular speaker and commentator at business seminars and conferences. Mr. Neyer holds Executive Master in Technology Management from Wharton/University of Pennsylvania and a M.S. & B.S. Degrees in Mathematics from City College of NY.