The very notion of “strategic readiness” in payments and identity has evolved far beyond routine system upgrades or incremental tweaks. We’re no longer simply replacing the boiler in a Victorian banking house—we’re laying track for the bullet train of the digital economy. This seismic shift demands a fundamental rethink of infrastructure, ideology, and strategic vision.

At this inflection point, identity, reputation, and tokenized value are no longer discrete elements—they are converging into a seamless, dynamic ecosystem. The future of payments is about more than speed or scale; it’s about embedding trust, context, and programmability into every transaction. This is a call to action for payment providers, technology architects, and financial institutions: it’s time to prepare not just for the next upgrade, but for a new paradigm.

1. Digital identity: the strategic spine of future payments.

Dave Birch’s seminal insight in “Identity is the New Money” captures the essence of this transformation: identity is shifting from a static presentation to a dynamic performance. It’s no longer a simple credential shown at a single point in time, but a persistent, evolving construct that draws from social, legal, and behavioral data streams.

This shift has profound implications for payments. Authentication is no longer about passwords or PINs—it’s about a rich tapestry of biometric signals, device fingerprints, and behavioral biometrics that collectively redefine trust. This isn’t just a technical upgrade; it’s a wholesale redesign of how trust is established and maintained in digital interactions.

Strategic imperatives:
Because identity is the foundation upon which all payments rest. Without a robust, flexible, and user-centric identity layer, payments remain vulnerable to fraud, friction, and exclusion. But when identity becomes fluid, portable, and programmable, it unlocks new possibilities: seamless onboarding, frictionless authentication, and privacy-preserving data sharing.

Embedding a context-aware identity layer is no longer optional—it’s foundational. This means integrating verifiable credentials, decentralized identity (DID) frameworks, and self-sovereign identity (SSI) principles directly into payment platforms. Identity must be treated as a living asset that travels with the user across ecosystems, rather than a siloed attribute locked inside a single institution.

Tactical considerations:

• Infrastructure readiness: Does your system support verifiable credentials and decentralized identity frameworks?

• Contextual authentication: Have you deployed multi-factor, behavioral, and device-bound authentication methods?

• Portability: Can users carry their identity credentials across platforms and services?

• Privacy controls: Are privacy settings granular, user-centric, and programmable to adapt to different contexts?

Inspiration:
The institutions that lead the next wave will be those that treat identity not as a compliance hurdle but as a strategic asset—one that enables trust, inclusion, and innovation.

Nordic BankID: A leading example of a national digital identity platform enabling seamless authentication across banking, government, and commerce.

India’s Aadhaar: A massive biometric identity system that powers a range of financial inclusion initiatives and digital payments.

2. Tokenization: the new grammar of value.

Tokenization is often misunderstood as merely a technical means of wrapping assets digitally. But as Dave Birch explores in “The Currency Cold War”, tokenization represents a profound shift: money that understands us. Tokens are not just containers of value; they encode conditions, context, and control into the very fabric of money itself.

This is programmable money—value with an API. It can carry rules about who can spend it, when, where, and under what conditions. It can embed compliance, privacy, and even reputation directly into the token. This new grammar of value is rewriting the rules of payments, loyalty, and identity.

Strategic imperatives:
The readiness challenge goes beyond adopting standards like ISO 20022 or C-8. It requires building platforms capable of handling multi-asset token models—fiat currencies, CBDCs, stablecoins, loyalty points, and reputation tokens—simultaneously. These tokens must interoperate across chains, jurisdictions, and regulatory frameworks.

Tactical considerations:

• Can your platform manage multi-asset token models?

• Are your tokens programmable with embedded policies, metadata, and rules?

• Can tokens interoperate across different blockchain networks and regulatory environments?

• Do you treat tokens as carriers of identity and entitlement, not just value?

Inspiration:
The future belongs to platforms that treat tokens as flexible, composable building blocks—not static assets.

CBDCs: Central banks worldwide are exploring programmable digital currencies that embed monetary policy and compliance rules at the token level.

Stablecoins and Loyalty Tokens: Brands are experimenting with tokens that combine value with customer reputation and engagement metrics.

3. Global standards: strategic alignment beyond interoperability.

Standards like ISO 20022, ATICA, and C-8 are often viewed narrowly as technical interoperability tools. But as Dave Birch notes in “Before Babylon, Beyond Bitcoin”, they represent strategic battlegrounds for influence and alignment.

Money is becoming more abstract and global, making cross-jurisdictional alignment essential. Standards are the rails on which the digital economy’s bullet train runs. Getting them right means seamless connectivity; getting them wrong means fragmentation and isolation.

Strategic imperatives:
True readiness means engaging proactively in standards governance. It means seeing standards not as a compliance checklist but as a diplomatic and strategic game. Just as 19th-century railway gauges determined economic dominance, modern standards will determine who controls the rails of digital payments and identity.

Tactical considerations:

• Have you mapped your organization’s position in evolving standards?

• Are you investing in interoperability by design, bridging legacy and emerging systems?

• Are you actively participating in standards bodies and governance forums?

• Can you integrate regulatory APIs and automate compliance workflows?

Inspiration:
The winners in the next decade will be those who shape standards, not just follow them. Open banking initiatives worldwide demonstrate how early movers in standards governance gain competitive advantage and market influence.

4. The future-proofing mandate: architecting for ambiguity and agility.

Future-proofing is often mistaken for predicting the next big thing. In reality, it’s about designing systems that thrive amid uncertainty and change. The real currency of the next decade is optionality—the ability to pivot, adapt, and compose new solutions rapidly.

Monolithic architectures and tightly coupled ecosystems are liabilities in this environment. Instead, the future belongs to modular, composable platforms that can integrate new identity models, token types, and regulatory requirements without wholesale rewrites.

Strategic imperatives:
Build with composability and modularity at the core. Adopt open token standards, modular identity stacks, and orchestration layers that enable dynamic rule enforcement. Embrace cloud-native, API-first, and event-driven architectures that support rapid innovation.

Tactical considerations:

• Is your architecture truly composable and plug-and-play?

• Are your systems event-driven and cloud-native?

• Is your data layer decoupled from service layers to enable seamless migration?

• Have you invested in orchestration tools for dynamic policy enforcement?

Inspiration:
Look at the tech giants who thrived in the internet era: they weren’t oracles predicting trends—they were architects building platforms that could evolve. The same mindset is essential for payments and identity today.

Final thought: lead with vision, not nostalgia.

The opportunity to lead this transformation is immense—but only if leadership embraces a new mandate. The goal is not to preserve legacy systems or replicate old models digitally. It’s to reimagine what payments, identity, and value can become in a connected, programmable world. Digital infrastructure is no longer a compliance burden; it’s a civilizational substrate. The future belongs to those who treat it as such—building with courage, curiosity, and a refusal to mistake digitization for transformation. Remember: the payments game is being played by actors who have no interest in being banks. The disruptors, platforms, and protocols are rewriting the rules. Are you ready to lead?

Raphaël Guilley, SVP Consulting

Raphaël has over 20 years of experience in the consulting industry, with extensive involvement in managing large-scale international projects across payments, smart mobility and digital identity. His areas of expertise include product management, agile development and product launches.

At Fime, Raphaël leads the Consulting team, helping a range of stakeholders, including payment networks and financial institutions, to solve complex problems, identify new opportunities and access new markets. 

Prior to joining Fime, Raphaël was VP of Risk & Compliance Solutions at IPC Systems Inc. He also worked in similar roles for Etrali Trading Solutions and Orange Business Services.