We are back from last week’s very successful UNIFY event in London and we have a lot to report. Our UNIFY conference was designed to bring together a wide range of perspectives from industry thought leaders, market analysis and new insights into an era of a truly global, borderless economy.

But that’s not all! There was also plenty of time for fun and networking throughout the day with live music and entertainment. The day was topped off with an exclusive roof deck cocktail party in the evening for event participants.

In addition to addressing the current global nature of e-commerce, we also discussed the increasingly complex regulatory, cultural and technological domestic obstacles that banks and financial institutions as well as payment service providers and merchants face in approaching new cross border business opportunities.

By bringing together payments experts and industry thought-leaders, we sought to start an important industry conversation about how to unify the global e-commerce economy. An important starting point for this conversation is how to successfully navigate some very confusing regulatory, cultural and technological demands.  UNIFY 2015 demonstrated and addressed the digital transformation that is upon us. We are at a critical juncture where the payments industry must figure out how banks and financial institutions can best serve their business customers in this new era.

Featured speakers included:

  • Benny Nachman, Founder and CEO of Credorax, whose company has successfully secured global-domestic merchant acquiring banking licenses across three continents and over 30 countries.
  • Moshe Selfin, COO of Credorax, under whose leadership, Credorax built and launched ePower 2.0, a single, unified and automated global-domestic platform for efficient and cost-optimized acquiring.
  • David G. W. Birch, Director of Consultant Hyperion, an electronic identity and transactions consultant and Chairman of the annual Digital Money Forum.
  • Malta’s Hon. MP José Herrera, the Parliamentary Secretary for Competitiveness and Economic Growth and also serving the Ministry for the Economy, Investment and Small Business.
  • Karina Hollekim, the first female athlete to complete a ski BASE.

In his keynote address, our CEO Benny Nachman summarized the need for change in the payments industry very succinctly:

We operate within one global village, one big society. Online-commerce has created unprecedented opportunity where businesses can sell to anyone, at any time, on any device, almost anywhere in the world. We knew back in 2008 that a traditional approach to banking and acquiring would not be able to keep up with this pace of change. We recognized a fundamental need to change the world of acquiring for the digital age.

In the coming weeks, we look forward to sharing the innovative ideas and opinions we discussed at UNIFY 2015, including video clips and policy excerpts. Watch this space!