JERSEY CITY, NJ - April 22 — Fundtech Ltd., a global transaction banking solutions provider, today announced the results of a survey of payments industry participants. Survey results show pronounced differences between members of the corporate and banking communities on the matter of further government regulation, as well as an overall trend towards increasing value-added services in the industry.
Fundtech is offering the first live global webcast originating from NACHA's annual PAYMENTS 2010 Conference, to be held on Monday, April 26. Over 400 people who have registered for the webcast were surveyed to gauge their opinions on industry issues. Among survey participants, the most contentious issue was whether further government regulation of the financial industry is necessary to prevent future financial crises.
There is strong agreement (76% of respondents) that new regulations are not needed to prevent future financial crises. By sector, however, opinions are much more divided: 37% of corporate respondents see the need for further regulation, while only 19% of bankers believe this is necessary.
The survey uncovered the following findings: