Dec 08 2024 31 mins
Building the payments infrastructure for B2B clients, bringing payments lessons from Europe into Australia, and helping Australian fintechs scale globally
Piers Cracknell has 20+ years’ experience in banking, payments & fintech across senior roles at NAB, CBA and global fintechs in Australia & the UK.
Piers was recently hired by European bank – Banking Circle – to set up their Australian operation, which is known locally as BC Payments Australia,
In this podcast we discuss:
- What does BC Payments do in Australia?
- Difference between Banking Circle (EU) and BC Payments Australia?
- Building the payments infrastructure for customers
- In Australia: Typical clients (B2B, acquirers, issuers), access to NPP, access to cross border payment schemes
- What’s driving growth for BC Payments? Time and cost of settlement
- Need for KYC and AML frameworks, understanding all types of risks (eg onboarding process, ongoing monitoring and supervision of client)
- Experience in Europe – how is it relevant for Australia?
- View on future of payments – domestic & cross border