London/Atlanta Partnership Launches The P20 for the Global Payments Industry
British and American government, business, and other influential leaders today announce formal creation of the “P20” and its inaugural meeting to be held in Autumn 2017, the first Transatlantic payments initiative of its kind.
The P20 will convene 20 of the most influential leaders in the payments industry and top UK and US government officials and regulators annually to: highlight the importance of payments and FinTech to the world economy; the vital role played by London and Atlanta; and provide a long-term opportunity for a Transatlantic partnership intended to promote growth of the industry globally through improved regulatory frameworks, economic development, innovation, financial inclusion and overall cooperation.
The P20 is a direct response to the ever-increasing need for greater regulatory clarity, consumer security, and innovation collaboration as it applies to the payments industry and related aspects of FinTech.
The P20 will serve as a forum for thought leadership and action, along with best practices across many areas including regulatory and compliance frameworks, and pressing issues like cybersecurity, innovation and how FinTech can achieve greater financial inclusion for people in developing economies around the world.
The P20 Annual Meeting will rotate between London and Atlanta, with the inaugural session taking place this October 9th and 10th in London.
The inaugural meeting will be led by the P20 “leadership delegates” who will drive programming, presentations and outcomes. The event will also welcome participation from approximately 120 invited senior leaders representing relevant government agencies and offices, industry advocacy groups, academia, FinTech innovators, and payments industry executives from across the globe.
“The P20 is the latest platform intended to provide greater access to talent, technology and business opportunities for Atlanta’s Transaction Alley companies, and this process would not have gotten off the ground without the help of one of the ATPC’s founding sponsors, Holland & Knight, LLP,” said H. West Richards, American Transaction Processors Coalition Executive Director. “The unified support for P20 from Georgia’s political leaders will ensure that both the public and private sectors are pulling in the same direction as we collaborate with new partners in London on critical issues for our industry, the economy and global payments best practices.”
“I am proud to support the P20 initiative to strengthen the ties between the City of Atlanta and the City of London. Atlanta is home to a strong and diverse workforce, and processes more than 70 percent of all payments in the United States each year,” said Atlanta Mayor Kasim Reed. “Our two cities are major international financial technology hubs, and building stronger relationships between government and business leaders here and in the United Kingdom offers tremendous potential for the exchange of ideas, as well as trade and investment opportunities.”