Financial Services Consultant
Payment Services Firms Sector Review (DB6193)
Up to £525 per day
3 months +
Canary Wharf
Role Summary
Our sister company, B2E consulting, requires a senior
consultant to review the Payment Services Firms sector in the UK from a conduct
supervision perspective and produce a report for a Financial Services
regulatory organisation
Role Detail
To carry out desk-based research of the Payment Services
and E-Money sector in the UK from a conduct supervision perspective and produce
a report which includes the following:
* The key segments within the sector beyond those set by
the legislation (eg by business model type);
* The population (number of firms) within each segment of
this sector and the top 30 by way of turnover and customers;
* Analysis of how firms make their money and the
inter-dependencies between each element
of the payment chain;
* What competition exists in the sector - the key
players; new entrants; the impact of new legislation (eg the cap on interchange
fees) and new technology on the market; and the reaction of existing players to
the legislation, new entrants and innovators;
* A summary of what is coming by way of new rules and
legislation (eg EMD and PSD2) that will impact the firms in this sector and how
they will be regulated, and when it will take effect;
* An overview of how the technology in the market is
evolving and what impact this is likely to have on the sector (including the
payments technology, digital payments channels, credit scoring etc);
* Working with the client's Retail Banking conduct
supervisors and assessing the current
supervision and firm-engagement strategy for this sector of firms;
* Proposals for how to engage with the industry most
effectively (e.g. direct with firms, via trade bodes, industry events /
roadshows etc).
* The final report should also highlight what the risks
are to consumers and the key technology
and infrastructure risks for the client to review in developing its supervision
programme for this sector.
david.bowen@b2e-resourcing.co.uk