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Does M&A activity in payments help or hinder innovation?
CIX - Thursday, October 17, 2019
9:00 AM - 9:30 AM
Trinity II/ III/ IV
In the recent past, the payments world has seen consolidation on a large scale. FIS/Worldpay, FiServ/First Data, Visa/Earthport, MasterCard/Nets and Global Payments/TSYS are a few notable examples. Each of these combinations creates game-changing opportunities: increased scale, access to more customers around the world, operational efficiencies, and the potential to cross-sell existing customer bases. Challenger fintech companies are emerging to disrupt the incumbent players with an attempt to improve the customer experience, but none have reached soaring heights on a massive scale.
The panelists will share their view on whether consolidation in the industry truly drives innovation or impedes new creative solutions.
Co-founder and General Partner
Fintech startups in Canada and the USA, including AI solutions applied to financial services developed by early-stage companies based in Canada and the USA
Chief Innovation Officer, Labs and New Ventures
Norton Rose Fulbright Canada LLP
General Manager, Canada