One of the busiest speakers at Sibos 2019 will be Deutsche Bank’s Christof Hofmann, who is a panellist on sessions ranging from the ‘sweet spot’ for banks on instant payments to recent progress in developing real time cross border payments. He tells Graham Buck that much of the potential of instant payment is still being realised
As we move towards the third decade of the 21st century, instant payments are fast developing as the “new normal”. “There has already been considerable momentum, but we’re still only at the beginning of the instant payment journey and there are many interesting opportunities still to be developed,” says Christof Hofmann, global
head of payments and collection products, cash management at Deutsche Bank.
“In particular, we’ll see instant payments in combination with a number of other innovations that will allow for seamless integration in the payments chain.”
Hofmann is set to be the busiest speaker of those representing the bank at Sibos 2019 in London this month as a panellist on no less than three sessions – each with a real-time payment theme – over just two days at this year’s event and is also a participant in a Sibos TV presentation on payments transformation.
This busy schedule reflects his engagement in key initiatives that include instant payments, Europe’s revised Payment Services Directive (PSD2) and SWIFT’s global payments innovation (gpi) initiative. In addition, he is a board member of the Euro Banking Association’s payment infrastructure, EBA Clearing.
EBA Clearing has just announced the launch of the development phase of a pan-European request to pay (R2P) infrastructure. Supported by 26 payment service providers (PSPs) from 11 countries, the new service is scheduled to go live in H2 of 2020.