Euro Banking Association (EBA)

The G20 Roadmap sets out the future vision for cross-border payments: they should become faster, cheaper, more transparent and more inclusive while staying safe and secure for customers This summer, the EBA surveyed its member banks on how they assess the extent to which ongoing cross-border initiatives can help PSPs meet the G20 objectives. Stay tuned for the publication of the survey findings on Wednesday, 30 October

What are the prerequisites for the market adoption of cross-border initiatives? When asked to provide a ranking, the respondents of our EBA survey on cross-border payments placed support of customer needs and harmonisation efforts re. regulation, compliance and data standards on top. But the qualitative survey feedback reveals something else: the biggest overall worry of the commenting banks is reach. Stay tuned for the complete survey report. Learn more about the EBA Expert Group on Cross-Border Payments https://lnkd.in/gPurmqCg #crossborderpayments #payments

The latest report by the EBA Digital Currencies & Smart Payments Working Group explores future requirements for new forms of digital money with a focus on its use for corporate customers. Key recommendations for banks include:  - investigate the needs of your corporate customers  - collaborate within the banking industry to avoid fragmentation  - explore offering new services and pursuing new roles EBA members can download the full report on the EBA Member Portal: https://lnkd.in/eeNFNC3Z If you are a member and don't have your portal access yet, register now: https://lnkd.in/dD3AAV8n Download fact sheet for the main takeaways: https://lnkd.in/eYFZPPd4

We are pleased to share our speaker lineup for the next Open Forum on Digital Transformation: Stefan Dierckx, Lukas Enzersdorfer-Konrad, Ingo Faulhaber, Thomas Haida, Vedran Jankovic, Preston Keat, Lukas Kölbl, Andreas Krischke, Alexander Macik, François Masquelier, Stephan A. Paxmann, Josephine (Jo) Roy and Dr Michael Salmony will provide expert insights on topics such as risks awaiting banks and their (corporate) customers, the influence of regulation on digital transformation, digital money, AI and more. The Open Forum is moderated by Kate Pohl. The event is free for EBA members - have a look at the programme and make sure to dial in https://lnkd.in/e6thrt4H #banking #payments #digitaltransformation

Trying to determine how to move forward on improving your #crosspayments offerings? EBA member banks from 15 countries have zoomed in on 13 cross-border payments initiatives with a European footprint. The main goals of our survey were 🔎 to assess to what extent these initiatives could address the four key challenges for cross-border payments, as identified by the G20 🔎 to identify relevant prerequisites for the market adoption of any of these initiatives Here is a sneak peek at our high-level findings - stay tuned for more! We'll share the full survey report when everybody is back from #sibos.

We just wrapped up a fantastic Global Seminar in Dubai with 35 participants from around the world. Focusing on payment modernisation in Europe, Southeast Asia, the Middle East and other parts of the world, we discussed real-time payments, interoperability, frictionless payments, cross-border payments and more. Thank you to our expert speakers Vincent Brennan, Chirag Chauhan, Piyush Dubey, Ahmed El Hefnawy, Hakan Eroglu, Ray Harishankar, Eva Herskovicova, Azleena Idris, Imran Ali, Dr. Devid Jegerson, Andrew McCormack, Sridhar (Sri) Narayanan, Onur Ozan, Jan Pilbauer, Isabel Schmidt, Davinder Sharma and Sujeet Tyagi and to our moderator Leo Lipis for an engaging discussion. Thanks also to EBA Chairman Wolfgang Ehrmann and EBA Secretary General Thomas Egner for welcoming the participants. And a special thanks to our sponsors Accenture, IBM and Montran.

Looking for a handy overview of the EBA Fraud Taxonomy? We got you covered - The EBA Fraud Taxonomy in a nutshell: what, why and how https://lnkd.in/e-YebuAi. Plus key benefits and a brief explanation on how it works in practice https://lnkd.in/evSn7bhS #fraudfighting #paymentfraud

Real-time payments, Open Finance and its liquidity implications: at the EBA Global Seminar 2024 on 16 and 17 October in Dubai, our expert speakers Vincent Brennan, Chirag Chauhan, Ahmed El Hefnawy, Hakan Eroglu, Ray Harishankar, Eva Herskovicova, Ali Imran, Azleena Idris, Dr. Devid Jegerson, Andrew McCormack, Sridhar (Sri) Narayanan, Onur Ozan, Jan Pilbauer, Isabel Schmidt, Davinder Sharma and Sujeet Tyagi will assess the current status of real-time payment and open finance initiatives in and outside EMEA. What are the strategic imperatives and what can we learn from the developments in the different markets? The Global Seminar is moderated by Leo Lipis and sponsored by Accenture, IBM and Montran. Learn more https://lnkd.in/e-Dq5dY9 #instantpayments #openfinance

Come January 2025, PSPs offering payment accounts not denominated in euro will have to handle FX conversions in line with new Instant Payments Regulation requirements. Serge Wagener, Chairperson of the EBA Practitioners Group on Instant Payments, on some of the specific challenges: "The Regulation obliges these PSPs to carry out currency conversions within seconds and at any time during the week. This means that they will need to be able to provide their customers with an exchange rate, even when the forex market is closed." The EBA's recommendation note provides guidance to payment experts on how they can best handle the practical implications of the Instant Payments Regulation requirements. Read press release https://lnkd.in/envEeKTt and download the note https://lnkd.in/ediguxbU #instantpayment #instantpaymentsregulation #fxconversion

Are you interested in learning more about the industry's progress on enhancing cross-border payments? What are the expectations, what challenges remain? What are the implications of the G20 Roadmap? How can collaboration help to improve value transfer? Have a look at the programme outline of the EBA Winter School, taking place from 19 to 21 November in La Hulpe, Belgium. https://lnkd.in/eqvaXKr9 The Winter School is sponsored by Swift and includes a one-day workshop at the Swift Lab in La Hulpe. #crossborderpayments #payments