Last week, the U.S. Senate voted 51 to 50 to repeal the Consumer Financial Protection Bureau’s (CFPB) arbitration rule – with Vice President Mike Penc...
U.S. Senate Repeals CFPB Arbitration Rule: A Win for ATPC Member Companies and the Industry as a Whole
November 1, 2017
ATPC Leadership Participate on Panel at Republican Attorneys General Event
November 1, 2017
Inaugural P20 Conference a Success, Attention Turns to 2018 Event in Atlanta
November 1, 2017
ATPC Travels to London, Sets Foundation for P20
May 26, 2016
Representatives of the ATPC embarked on a three-day trip to London last week in the hopes of increasing FinTech ties between Atlanta’s Transaction Alley and London’s Financial Services sector. The delegation, included ATPC Executive Director H. West Richards; Robert Green, Senior Counsel at Holland & Knight; and Roth Kehoe, Partner at Holland & Knight met with British government officials, State of Georgia representatives based in the U.K. executives in the financial services and FinTech business communities, and ATPC member company international leadership. The mission was to build upon the momentum established in Atlanta earlier this year and supported by Georgia’s political leaders to increase transatlantic ties across business and regulatory channels serving to enhance FinTech economic development on both sides of the Atlantic.
The delegation sought to establish individual and company interest and early commitments to join the emerging P20 group of executives who will form the core of the ongoing international exchange. The ATPC also strives to establish a Transatlantic Corridor between London, the global financial services capital, and Atlanta – the payments capital known as “Transaction Alley.”
The series of meetings began at Her Majesty’s Treasury, where the ATPC delegation spoke with David Gauke, Financial Secretary to Her Majesty’s Treasury. This meeting promises to result in the involvement of Economic Development Secretary Harriett Baldwin. The introduction of Ms. Baldwin into the P20 mission will carry long-term reach into local London government and businesses since she is also the City Minister.
The group also met with Innovate Finance, an 18 month old initiative to support FinTech in the UK established by the British government. The Chairman of Innovate Finance is Alastair Lukies, who was named by British Prime Minister David Cameron as the UK’s Ambassador to Fintech. The delegation met with Mr. Lukies Chief of Staff, Sam Tidswell-Norrish and will be meeting with Mr. Lukies on a return trip to London in July. At that time, ATPC representatives will also meet with the City of London Corporation, the British entity which would be primarily responsible for the financing of the P20 meeting. Lastly, the UK’s Innovate Finance group is sending a small delegation to Atlanta in June to meet with ATPC representatives and keep the discussion going until the trip to London in July.
The delegation also met with the Georgia Department of Economic Development based in the United Kingdom, London & Partners that serves as the economic development arm of the City of London, Payments U.K. (Trade Association) and other key groups.
The ATPC team conducted strategic meetings with leadership from Worldpay and Elavon who are helping to anchor the P20 initiative from both sides of the Atlantic.
The P20 concept was well-received in each meeting, and dates are already being reviewed for scheduling further discussions. The inaugural P20 meeting is tentatively slated to take place in late 2017, in London, then alternate between there and Atlanta each year following.
The trip builds upon momentum established at the April 7th Transatlantic Payments luncheon hosted by Holland & Knight in Atlanta. David Gauke was the featured guest speaker, and it allowed for deepening of relationships between the ATPC, FinTech companies and the British Consulate General in Atlanta, whom helped schedule the London trip.