Dominic Thorncroft

Chairman, AUKPI

 

Dominic has been chairman of the Association of UK Payment Institutions since 2005.   The Association aims to provide a forum for information sharing and thought leadership in the payments space, primarily as it relates to FCA authorised and registered payments institutions.   Compliance with regulatory issues are at the top of Association’s agenda (including payments, financial crime, data protection legislation, etc).  All payment firms need access to banking facilities, and there are new legal requirements in PSD2 which oblige banks to provide such access on a ‘proportionate, objective and non-discriminatory basis’.  The key challenge  now is to create a framework for dialogue across all stakeholders which can make this an operational reality.