Emerging Payments Association Asia

𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐚𝐫𝐞 𝐫𝐢𝐩𝐞 𝐟𝐨𝐫 𝐀𝐈 𝐛𝐞𝐜𝐚𝐮𝐬𝐞 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐰𝐞 𝐝𝐨 𝐫𝐞𝐯𝐨𝐥𝐯𝐞𝐬 𝐚𝐫𝐨𝐮𝐧𝐝 𝐝𝐚𝐭𝐚. 𝐁𝐮𝐭 𝐭𝐫𝐮𝐬𝐭 𝐢𝐬 𝐞𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥 - 𝐡𝐨𝐰 𝐝𝐨 𝐰𝐞 𝐫𝐞𝐠𝐮𝐥𝐚𝐭𝐞 𝐭𝐡𝐚𝐭?    At Sibos Day 3, EPAA CEO Camilla Bullock moderated the panel “𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐯𝐞 𝐂𝐨𝐧𝐬𝐞𝐧𝐬𝐮𝐬: 𝐀𝐮𝐭𝐨𝐦𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧”, joined by industry experts James Lloyd, Wan Wei, Soh, Daniel Sun, and Ammar Younas . This futuristic conversation explored how AI is transforming payments, reshaping financial services, and driving innovation across the economy—and one question resonated: "Is biometric data the holy grail of AI?"    We are on the cusp of an AI revolution that will touch every sector, from banking to retail. However, as AI becomes more deeply integrated into our workflows, responsible governance is crucial. With great power comes great responsibility—and for financial services, where trust is non-negotiable, the question becomes: How do we regulate AI to ensure transparency, security, and fairness?    These conversations are not just about technology—they are about safeguarding trust while unlocking new efficiencies. AI presents incredible opportunities, but only if we govern it thoughtfully to serve both innovation and integrity.    Let us know in the comments what EPAA should focus on next year to ensure the responsible adoption of AI in payments and financial services?    Innes Macleod Linda Stanojevic Sally Sternecker Danelle Denny Niamh Laing Sarah Chan Rahul Bhargava May Lam 林希文 Nigel Lee Carrie Suen Kanv Pandit Holly Dorber Pratyush Prasanna Amira Karim Dr Brad Pragnell Nilixa Devlukia Richard Reid Antony Morris Rajiv Madane Leanne Bradley Lance Blockley Lars Sjögren Raphael Jansa Mika von Haartman Tony Seno Hartono Jan McGrath #epaa #payments #epaainsights

Can you explain the difference between classical computing and quantum computing? Do you think that quantum computing will make classical computing redundant? However, the truth is that...    𝐃𝐢𝐝 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰 𝐭𝐡𝐚𝐭 𝐜𝐥𝐚𝐬𝐬𝐢𝐜𝐚𝐥 𝐜𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐚𝐧𝐝 𝐪𝐮𝐚𝐧𝐭𝐮𝐦 𝐜𝐨𝐦𝐩𝐮𝐭𝐢𝐧𝐠 𝐰𝐢𝐥𝐥 𝐜𝐨𝐞𝐱𝐢𝐬𝐭 𝐟𝐨𝐫 𝐬𝐞𝐯𝐞𝐫𝐚𝐥 𝐤𝐞𝐲 𝐫𝐞𝐚𝐬𝐨𝐧𝐬, 𝐫𝐨𝐨𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞𝐢𝐫 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐭 𝐬𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐬, 𝐥𝐢𝐦𝐢𝐭𝐚𝐭𝐢𝐨𝐧𝐬, 𝐚𝐧𝐝 𝐭𝐡𝐞 𝐭𝐲𝐩𝐞𝐬 𝐨𝐟 𝐩𝐫𝐨𝐛𝐥𝐞𝐦𝐬 𝐭𝐡𝐞𝐲 𝐚𝐫𝐞 𝐛𝐞𝐬𝐭 𝐬𝐮𝐢𝐭𝐞𝐝 𝐭𝐨 𝐬𝐨𝐥𝐯𝐞? Classical and quantum computing will coexist because they are suited to different tasks and will complement each other. Classical computing provides the foundation for everyday computing needs, while quantum computing offers new possibilities for solving specific, complex problems. Together, they will drive advancements in technology, with each playing a vital role in their respective areas. The Emerging Payments Association Asia’s Quantum Safe Computing Working Group (QSC-WG) is tackling the biggest myths around Quantum Safe Computing and its impact on payments—follow us for ongoing myth-busting insights!    Powered by a group of quantum experts from EPAA members, including IBM, Australian Payments Plus, HSBC, PayPal, Commonwealth Bank, IDEMIA, A24, JPMorganChase, and DataMesh Group, we’re leading the charge in shaping the future of QSC within the payments ecosystem.  Interested in being part of this cutting-edge initiative? Connect with Danelle Denny, to explore how your organisation can get involved in driving this global effort. Camilla Bullock Linda Stanojevic Sally Sternecker Monica Jasuja Niamh Laing Sarah Chan Mary Ann Francis 🌟 Ray Harishankar May Lam 林希文 Philip Intallura Ph.D Phoram Mehta John Buselli Lory Piccirilli Thorpe Sridhar (Sri) Narayanan Will Collison CISSP Alejandro Rodríguez-Pardo Montblanch Katherine Brown Bing Zhu Shilpa Shetty Jesse Arundell Amaanie HAKIM Vikas Phogat James Hutton Shane T. Markus Hasibuan Sebastien R. Reggie Kartha Daniela F. Albert Huang Aaron French   #epaa #epaainsights #quantumsafe #payments #innovation  #epaamythbusters #epaainsights #thoughtleadership

On Day 2 of Sibos, Swift Head of Asia Pacific Kevin Wong opened an insightful panel, moderated by Camilla Bullock, featuring industry leaders YOUNGSEOK KIM,David W Y Koh Matam V Rao Lee Ross Jo Yeo, to explore the question: 𝐖𝐡𝐚𝐭 𝐥𝐞𝐬𝐬𝐨𝐧𝐬 𝐜𝐚𝐧 𝐭𝐡𝐞 𝐰𝐨𝐫𝐥𝐝 𝐥𝐞𝐚𝐫𝐧 𝐟𝐫𝐨𝐦 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐀𝐬𝐢𝐚? The consensus? APAC stands at the forefront of innovation, driven by its capacity to collaborate both within and across industries. This collaborative approach has not only accelerated technological advancements but has also transformed how policies are developed and implemented. In a region as diverse as APAC—spanning multiple languages, socio-economic backgrounds, religions, and regulatory frameworks—the need for cross-border, cross-sector collaboration is essential. The ability to bridge these divides has allowed the region to thrive and innovate in ways that the rest of the world can learn from. At EPAA, this ethos of "Collaborate to Innovate" is core to our mission of improving lives globally. We extend our heartfelt thanks to Swift and Sharon Toh 卓美玲 for the opportunity to host this important discussion, and we look forward to continuing to foster collaboration that drives innovation. Linda Stanojevic Sally Sternecker Niamh Laing Danelle Denny Sarah Chan May Lam 林希文 Nigel Lee Carrie Suen Kanv Pandit Holly Dorber Pratyush Prasanna Amira Karim Dr Brad Pragnell Nilixa Devlukia Richard Reid Antony Morris Rajiv Madane Leanne Bradley Lance Blockley Lars Sjögren Raphael Jansa Mika von Haartman Tony Seno Hartono Jan McGrath #epaa #payments #epaainsights

Is your organisation crypto-agile and prepared for the next wave of quantum-safe security challenges in payments? Here's something you might not have considered:    𝐃𝐢𝐝 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰 𝐭𝐡𝐚𝐭 𝐐𝐮𝐚𝐧𝐭𝐮𝐦-𝐒𝐚𝐟𝐞/𝐏𝐨𝐬𝐭-𝐐𝐮𝐚𝐧𝐭𝐮𝐦 𝐂𝐫𝐲𝐩𝐭𝐨𝐠𝐫𝐚𝐩𝐡𝐲 (𝐏𝐐𝐂) 𝐢𝐬 𝐧𝐨𝐭 𝐬𝐨𝐥𝐞𝐥𝐲 𝐭𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲-𝐛𝐚𝐬𝐞𝐝?    As the many variations of Quantum evolve, it poses multiple impacts to existing security and encryption practices and processes, but as importantly, this shift must include regulatory, economic, domestic and international standards and strategies. Ensuring the quality and safety of data and financial transactions requires a holistic ecosystem approach, including modernizing infrastructure, a deep-dive inventory of current risk and security processes, and promoting collaboration cross-industry and cross-geographies in banking and payments.     It is a complex ecosystem that must include consideration beyond just the technology, algorithms, and even the coding behind the programs.     Teams must include Marketing and Communications, Legal, Product and Sales that must answer to clients and highlight a differentiating competitive edge, the overall strategy and plan, as well as the budget required to implement it all – it takes time and attention.     Are you prepared to explain and support your clients Quantum Safe strategy and delivery when your clients ask?     The sense of urgency is real and must be underway now. The Emerging Payments Association Asia’s Quantum Safe Computing Working Group (QSC-WG) is tackling the biggest myths around Quantum Safe Computing and its impact on payments—follow us for ongoing myth-busting insights!    Powered by a group of quantum experts from EPAA members, including IBM, Australian Payments Plus, HSBC, PayPal, Commonwealth Bank, IDEMIA, A24, JPMorganChase, and DataMesh Group, we’re leading the charge in shaping the future of QSC within the payments ecosystem.  Interested in being part of this cutting-edge initiative? Connect with Danelle Denny, to explore how your organisation can get involved in driving this global effort. Camilla Bullock Linda Stanojevic Sally Sternecker Monica Jasuja Niamh Laing Sarah Chan Mary Ann Francis 🌟 Ray Harishankar May Lam 林希文 Philip Intallura Ph.D Phoram Mehta John Buselli Lory Piccirilli Thorpe Sridhar (Sri) Narayanan Will Collison CISSP Alejandro Rodríguez-Pardo Montblanch Katherine Brown Bing Zhu Shilpa Shetty Jesse Arundell Amaanie HAKIM Vikas Phogat James Hutton Shane T. Markus Hasibuan Sebastien R. Reggie Kartha Daniela F. Albert Huang Aaron French   #epaa #epaainsights #quantumsafe #payments #innovation  #epaamythbusters #epaainsights #thoughtleadership 

𝐖𝐡𝐚𝐭 𝐝𝐨𝐞𝐬 '𝐠𝐥𝐨𝐛𝐚𝐥 𝐜𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐯𝐢𝐭𝐲' 𝐭𝐫𝐮𝐥𝐲 𝐦𝐞𝐚𝐧 𝐢𝐧 𝐟𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬? 𝐈𝐬 𝐢𝐭 𝐬𝐲𝐧𝐨𝐧𝐲𝐦𝐨𝐮𝐬 𝐰𝐢𝐭𝐡 𝐢𝐧𝐭𝐞𝐫𝐨𝐩𝐞𝐫𝐚𝐛𝐢𝐥𝐢𝐭𝐲? These are critical questions in today’s landscape, where multiple networks are reshaping how businesses and consumers transact globally. While these networks provide unprecedented choices, they also introduce the challenge of maintaining seamless connectivity. Ensuring interoperability and efficiency across these ecosystems is now more important than ever. From the panel discussion, 𝐓𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐃𝐞𝐩𝐞𝐧𝐝𝐬 𝐨𝐧 𝐆𝐥𝐨𝐛𝐚𝐥 𝐂𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐯𝐢𝐭𝐲 on Day 1 of Sibos, the takeaway is clear: standards are the foundation. They must be accepted, understood, and operationalized to ensure smooth global financial transactions. This aligns with the recently launched Guiding Principles for Harmonized APIs report, where EPAA contributed as a member of the API Panel of Experts (APEX) under CPMI. You can read more about it here: https://lnkd.in/gMdUAXz9 For further insights, access the full report here: CPMI report.  https://lnkd.in/gPKJ5mwA Linda Stanojevic Sally Sternecker Niamh Laing Sarah Chan Samarth Bansal Johnny Grimes Rita King Ajay Rajan Bo Zhai May Lam 林希文 Nigel Lee Carrie Suen Kanv Pandit Holly Dorber Pratyush Prasanna Amira Karim Dr Brad Pragnell Nilixa Devlukia Richard Reid Antony Morris Rajiv Madane Leanne Bradley Lance Blockley Lars Sjögren Raphael Jansa Mika von Haartman Tony Seno Hartono Jan McGrath #epaa #payments #epaainsights  #Interoperability #FinancialServices #SIBOS2024 #APEX #CPMI

𝐃𝐢𝐝 𝐲𝐨𝐮 𝐤𝐧𝐨𝐰 𝐭𝐡𝐚𝐭 𝐓𝐈𝐏𝐒 𝐢𝐬 𝐜𝐨𝐧𝐧𝐞𝐜𝐭𝐢𝐧𝐠 𝐭𝐡𝐞 𝐰𝐨𝐫𝐥𝐝 𝐨𝐟 𝐟𝐚𝐬𝐭 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬? The European Central Bank (ECB) is taking significant strides in linking its TARGET Instant Payment Settlement (TIPS) service with other fast payment systems globally. This move aims to tackle fragmentation in the global payments ecosystem, supporting the G20 roadmap for a faster, cheaper, and more accessible system. Key initiatives include:   - 𝐂𝐫𝐨𝐬𝐬-𝐛𝐨𝐫𝐝𝐞𝐫 𝐜𝐮𝐫𝐫𝐞𝐧𝐜𝐲 𝐬𝐞𝐭𝐭𝐥𝐞𝐦𝐞𝐧𝐭𝐬. Cross-border payment exchanges using the One-Leg Out Instant Credit Transfer scheme.   - 𝐉𝐨𝐢𝐧𝐢𝐧𝐠 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 𝐍𝐞𝐱𝐮𝐬, connecting payment systems across Asia and beyond.   - 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐛𝐢𝐥𝐚𝐭𝐞𝐫𝐚𝐥 𝐥𝐢𝐧𝐤𝐬 𝐰𝐢𝐭𝐡 𝐈𝐧𝐝𝐢𝐚’𝐬 𝐔𝐏𝐈, the world’s largest instant payments network. This is a major step toward seamless, secure, and transparent cross-border payments! Read the full report below.  Camilla Bullock Linda Stanojevic Sally Sternecker Danelle Denny Niamh Laing Sarah Chan Maha El Dimachki Kah Kit Yip Carmen Arias Benjamin, Ming-An Lee Cecilia Skingsley Sonja Davidovic   #epaa #payments #epaainsights #Instantpayments #crossborderpayments #ECB #TIPS

At Sibos 2019, EPAA was founded to address key industry challenges and has since been a catalyst for collaboration, tackling fragmentation, and amplifying the voice of APAC globally. In just six years, we’ve reached 70 members and partners, connecting over 900 contacts across 56 countries. EPAA brings together traditional and non-traditional players, driving innovation, inclusivity, and regulatory alignment across Asia Pacific. This week we are very proud to be back at Sibos as a key speaker. Our CEO Camilla Bullock will be on three panels covering the future of financial services, global connectivity, and innovation in Asia. From 21 – 24 October, nearly 10,000 participants are gathering to hear expert speakers debate the theme ‘Connecting the future of finance’. Explore the agenda here: https://lnkd.in/dXEikMSN Comment to connect with our team on the ground Camilla Bullock and Rahul Bhargava. Linda Stanojevic Sally Sternecker Niamh Laing Sarah Chan Samarth Bansal Johnny Grimes Rita King Ajay Rajan Bo Zhai Youngseok Kim David W Y Koh Matam V Rao Lee Ross Jo Yeo James Lloyd Wan Wei, Soh Daniel Sun Ammar Younas May Lam 林希文 Nigel Lee Carrie Suen Kanv Pandit Holly Dorber Pratyush Prasanna Amira Karim Dr Brad Pragnell Nilixa Devlukia Richard Reid Antony Morris Rajiv Madane Leanne Bradley Lance Blockley Lars Sjögren Raphael Jansa Mika von Haartman Tony Seno Hartono Jan McGrath #epaa #payments #epaainsights 

What are the expectations and challenges with payments resilience? Twenty payments industry leaders gathered in Sydney at a roundtable hosted by ITRS to explore the topic of “Real-Time Payment Resiliency & Visibility”. The discussion focused on the growing importance of real-time payment systems maintaining resiliency and visibility as transaction volumes and complexity increase. The participants also highlighted the need for strong monitoring solutions to ensure system stability and prevent outages. This conversation will continue in Singapore and Mumbai and we look forward to hearing different perspectives from those markets. Camilla Bullock Sally Sternecker Linda Stanojevic Monica Jasuja Danelle Denny Niamh Laing Sarah Chan Guy Warren Daniel Clarke Dave Joyce Nathan Churchward Barakat Elayyan Sam Gianniotis Daiana Gresham Navaid Khatib Kees Kwakernaak May Lam 林希文 Adrian Lovney Barry Parker Christopher Sozou Mark Tibbles Luke Wilson Young Min Sunwoo Bernd Krause Pulin Shah    #epaa #payments #epaainsights  

𝐄𝐏𝐀𝐀'𝐬 𝐑𝐨𝐥𝐞 𝐢𝐧 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐀𝐏𝐈 𝐇𝐚𝐫𝐦𝐨𝐧𝐢𝐬𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐂𝐫𝐨𝐬𝐬-𝐁𝐨𝐫𝐝𝐞𝐫 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 EPAA is a contributing member of the API Panel of Experts (APEX) under CPMI, and today, we published an important report on promoting the harmonization of APIs to enhance cross-border payments. A special thank you to May Lam 林希文 , Chair of the EPAA Advisory Board, who has been leading this report's efforts with key recommendations toward the harmonisation of APIs, aimed at improving the efficiency of cross-border payments. "We are inspired and motivated by the involvement we've engaged in as part of the CPMI’s API Panel of Experts (APEX). The Emerging Payments Association Asia (EPAA), with its broad membership, is uniquely positioned to drive meaningful collaboration towards not only the harmonisation of API standards but also their operationalisation across the cross-border payments ecosystem. By bringing together regulators, financial institutions, and technology providers, EPAA is enabling a coordinated approach to both the API harmonisation and their application in the real-world implementation. The collective APEX effort is particularly crucial in the APAC regions, where financial inclusion remains a challenge and empowering SMEs and MSMEs is essential for stimulating digital economic growth. By harmonising and operationalising APIs, we can foster innovation and enhance agility, improving efficiency, transparency, and cost-effectiveness while minimizing friction and delays in cross-border transactions.  This Report offers practical recommendations to realise these advantages and support the G20’s goals. The recommendations are divided into four categories:  i) recommendations that aim at facilitating the global API harmonisation processes;   ii) recommendations that focus on API design principles and the use of existing international data standards;   iii) recommendations to enhance the developer experience; and   iv) recommendations to promote pre-validation APIs and implementation.  Each recommendation is accompanied by a list of potential action items that stakeholders may consider as practical and concrete implementation measures for the recommendation.  EPAA is dedicated to leveraging our platform to guide the industry toward more integrated, trusted, and secure payment ecosystems, benefiting both businesses and consumers locally and internationally.    Link to report: https://lnkd.in/gPKJ5mwA Dr Brad Pragnell Carrie Suen Amira Karim Holly Dorber Stephen Peters Danelle Denny Pratyush Prasanna Monica Jasuja Sally Sternecker Linda Stanojevic #BIS #API #Harmonisation

EPAA is delighted to welcome Korea Financial Telecommunications & Clearings Institute (KFTC) as a new member!  Korea Financial Telecommunications & Clearings Institute (KFTC) plays a crucial role in the development of the financial industry by supporting secure and efficient financial transactions and information exchange. Their financial infrastructures enable users to access payment services conveniently, including payment and settlement systems and financial authentication.  Join us in welcoming Korea Financial Telecommunications & Clearings Institute (KFTC) to our vibrant community!  Camilla Bullock Sally Sternecker Linda Stanojevic Monica Jasuja Danelle Denny Niamh Laing Sarah Chan #epaa #payments #paytech #meetthemember #futureofpayments