Financial Futures

Apps like Zelle and Venmo have made splitting happy-hour tabs with friends so much easier. But that’s only the tip of the iceberg when it comes to the impact of person-to-person payments, or “P2P.” P2P is not only changing how we move money, it’s radically transforming banking itself.

In this episode of “Financial Futures,” Norm Marracini, senior vice president for executive retail digital payments at FIS, joins us to take a closer look at the P2P payment revolution.

Show Notes

Apps like Zelle and Venmo have made splitting happy-hour tabs with friends so much easier. But that’s only the tip of the iceberg when it comes to the impact of person-to-person payments, or “P2P.” P2P is not only changing how we move money, it’s radically transforming banking itself. 

FIS’ Norm Marraccini says that leaves only one option for banks that want to survive into the digital future: “You’ve got to get into P2P.”

In this episode of “Financial Futures,” Marracini, senior vice president for executive retail digital payments at FIS, joins us to take a closer look at the P2P payment revolution. 

We’ll discuss:
  • How COVID accelerated P2P’s already-rapid growth
  • Zelle’s success introducing P2P to the masses, and how it has become the dominant player in the industry
  • How “B2C,” “B2B,” and the like are the next steps in P2P’s evolution
  • Will the rise of P2P cause brick and mortar bank branches to vanish?

What is Financial Futures?

The way we move money is changing. Fast. We want control at the touch of a finger-print. We want to send money in real-time – to the other side of the world. We want everything in one place, integrated, seamless and on our devices. Ubiquitous, embedded, fast, standardized, frictionless and secure. Global finance trends are hurling towards a unanimous conclusion.

These are our Financial Futures.

Each episode, we size up the bleeding edge of fintech innovation and explore the trends that are already transforming the way the world pays, banks and invests across the globe. And the mechanisms we’ll need to prosper in this brave new landscape.

Is the world’s technology up to the challenge? Are we?