**BREAKING: FIS Global Executive Warns Banks Falling Behind Rapid Payments Market Evolution**
Daniel Hurst, International Line of Business Head for Enterprise Payments at FIS Global, issued a stark warning at EBAday 2026 that the payments industry has fundamentally shifted faster than financial institutions can adapt. Speaking to FinextraTV, Hurst emphasized that market developments over the past 18 months have completely outpaced strategic planning cycles, creating a critical gap between banking capabilities and market reality.
The executive highlighted that no single entity controls the direction of the payments landscape anymore, forcing banks to operate in what he termed an undeniable “hybrid market” where digital assets are increasingly prominent. This fragmentation means traditional transformation approaches are becoming obsolete as multiple forces simultaneously reshape how money moves globally.
The development affects enterprise payment providers, banking technology teams, and treasury operations across EMEA and APAC regions particularly.
**
FXnCO Insight
** Banks must immediately reassess transformation roadmaps with accelerated timelines and hybrid infrastructure strategies, or risk losing competitive positioning as digital asset integration becomes table stakes rather than innovation.
Source: Finextra