EBAday

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AI's Role in Shaping the Bank of the Future

/ai

AI's Role in Shaping the Bank of the Future

At EBAday 2024, Lilia Christofi, EMEA Banking Leader, Microsoft, explores the potential risks associated with implementing AI in the financial services industry, but also the role that the technology can play in shaping the bank of the future. Financial institutions need to ensure that they are leading across AI adoption to mitigate any potential risks that may emerge.

European Instant Payments Regulation: Are Banks Ready?

/payments

European Instant Payments Regulation: Are Banks Ready?

At EBAday 2024, Kjeld Herreman, Head of Strategy Advisory, RedCompass Labs, discusses the fast approaching deadlines and how financial institutions can be best prepared for the SEPA instant payments regulation. The conversation explores how the deadlines are short, with just nine months to ensure banks are receiving instant payments and 18 months to send instant payments. Further, ensuring Verification of Payee operates across all channels is a colossal task and with banks no longer able to charge for instant payments, the industry can expect hundreds or even thousands of friction-free transactions per second, but a lot of work needs to be completed before that point can be reached.

2025 - 2030: Predictions for Real-Time Payments, ISO20022 and APIs

/payments

2025 - 2030: Predictions for Real-Time Payments, ISO20022 and APIs

At EBAday 2024, Akshat Saharia, Head of European Financial Institutions Product and Propositions, Global Payments Solutions, HSBC discusses the biggest changes to occur across the cross-border payments landscape in the next five years. While 90% of cross-border transactions complete in 30 mins, the other 10% can be delayed, resulting in frustration and a lack of transparency. Robust change will be seen with real-time payment schemes opening up for cross-border payments. In turn, with ISO20022 being mandated from November 2025, banks in the world will be operating with enhanced data, standardised information and LEIs which will significantly enhance STP and reduce costs. Digital transformation through the use of APIs will also bolster end-to-end connectivity, paving the way for value-added services offering increased transparency and verification with Confirmation of Payee.

Achieving Operational Excellence in Real-Time Payments

/payments

Achieving Operational Excellence in Real-Time Payments

At EBAday 2024, Roland Brandli, Strategy Director, SmartStream and Zennon Kapron, Founder/Director, Kapronasia, explore their recently released report where findings revealed that in 2023 there were 266 billion real-time payments made around the world, which is a 43% increase from the year before, and represents a 27% of all payments. This surge in instant payments brings with it many complications, for example delays in managing exceptions can lead to additional costs and customer dissatisfaction. With this trend set to continue, how prepared are banks and what are they prioritising?

Building the bank of tomorrow

/payments

Building the bank of tomorrow

At EBAday 2024, Tsvetanka Nankova, Global Head of Sales, Institutional Cash & Trade Finance, Deutsche Bank, discusses what banks need to do to stay in the game and the key trends driving transaction banking innovation. A new wave of technology and digitalisation is emerging, and with this, and the way in which data and analytics is leveraged is also changing. The discussion explores the critical technology of the future, which includes AI, cloud and blockchain settlement, in addition to the regulations that are setting the guardrails for innovation.

Collaboration is key to achieving growth in transaction banking

/payments

Collaboration is key to achieving growth in transaction banking

At EBAday 2024, Bana Akkad-Azhari, Head of Treasury Services EMEA at BNY, discusses the innovations, client demands, and regulatory changes, like ISO20022 migration and T+1 settlement transition, that are reshaping transaction banking. Amid inflation and geopolitical instability, the conversation focuses on how collaboration is key to overcoming challenges and achieving sustainable growth.

Cloud-based payments outsourcing: The strategic choice for banks

/cloud

Cloud-based payments outsourcing: The strategic choice for banks

At EBAday 2024, Neil Clarke, Director of Payment Solutions at CGI, and Peter Hazou, Business Strategy Leader at Microsoft, discuss the transformative benefits of cloud-based payments outsourcing for banks. With regulators increasingly supportive of this approach, modernising payment systems with cloud-based solutions allows banks to do more with less. These services offer increased scalability, flexibility, and cost savings, enhancing data-driven insights and improving customer experiences.

Instant Payments and the Opportunity for New Technology Strategies

/payments

Instant Payments and the Opportunity for New Technology Strategies

Daragh Kirby, Head of Sales & Marketing, Intercope, speaks at EBAday 2024, about how instant payments allows banks to no longer use cumbersome core banking systems to process transactions – whether it be SEPA, cross-border or RTGS payments. We explore how financial institutions are now looking to more suited technologies so instant payments can be made in a leaner way and with lower latency, to support meeting regulation timelines and reap the rewards that are available with faster transactions.

SEPA Instant Mandate: Racing to European Banking transformation

/payments

SEPA Instant Mandate: Racing to European Banking transformation

Ainsley Ward, Vice President at CGI, and Global Business Development lead for CGI’s Payments Solutions, sheds light on European Parliament's SEPA Instant Mandate and the 9th of January 2025 deadline for Eurozone banks. With the Federal Reserve's FedNow initiative connecting 400 banks in a year underscoring varying market readiness, challenges still persist. We discuss alternatives found in new technologies and scepticism over universal compliance in anticipation of EBAday, where stakeholders can converge to navigate regulatory complexities and seek solutions in this digital era.

Revolutionising Treasury Teams

/payments

Revolutionising Treasury Teams

Michèle Zaquine, Director, Head of Propositions and Commercialisation Continental Europe, Global Payments Solutions, HSBC, speaks at EBAday 2023 about the impact payment trends will have on the future organisation of treasury teams. We explore how treasurers in the current market need to assess new technologies for their net benefits, including solution technologies such as APIs, to enhance treasury operations and by looking at transformations in the B2B and B2C industries.

Pushing Fraud Controls to the Next Level

/payments

Pushing Fraud Controls to the Next Level

Isabel Schmidt, Co-Head of Global Payments Products, BNY Mellon, joins us at EBAday 2023 to discuss real-time payments and the ways to improve fraud controls with data validation services and cross-industry collaboration.

Exploring the Impact of Data and AI in Digital Banking

/payments

Exploring the Impact of Data and AI in Digital Banking

Sophia Wikander, General Manager, Financial Services, Western Europe, Microsoft, speaks at EBAday 2023 about the impact of data and AI in digital banking on customers, strategies for banks to maintain competitiveness and improve customer satisfaction, and approaches for optimising key opportunities.

The potential introduction of the Digital Euro: What do Banks need to consider?

/payments

The potential introduction of the Digital Euro: What do Banks need to consider?

Daniel Szmukler, EBA Director / Innovation, Member Relations and Strategic Engagement, Euro Banking Association, speaks at EBAday 2023 about what the EBA Working Group has identified as key considerations and challenges for banks with the potential introduction of a digital euro. We look at their latest report on retail CBDCs and wholesale CBDCs, the next steps banks should be taking, and where the EBA’s research efforts will go next in the digital payments space.

Implementing EBA's Pan-European Fraud Taxonomy: First Findings from Early Movers

/regulation

Implementing EBA's Pan-European Fraud Taxonomy: First Findings from Early Movers

Thomas Egner, Secretary General, Euro Banking Association, and Annick Moes, Head of Industry Issues and Cooperation Initiatives, Euro Banking Association, discuss at EBAday 2023 the practical impact of the EBA's pan-European taxonomies addressing KYC and fraud combatting. They share feedback from first movers, which have implemented the EBA Fraud Taxonomy for fraud analytics and customer education, and comment on the taxonomy’s increasing relevance in the context of evolving payments regulation at EU level.

The Clever Use of Data

/payments

The Clever Use of Data

Edward Chandler, SVP, Head of Commercial and Money Movement Solutions for Europe, Visa, speaks at EBAday 2023 about the power of open data in enabling the future of payments, and how data and AI are being used to create more seamless experiences to help people and businesses thrive.

The Role of ISO20022 and Open Banking Adoption in Harmonizing Payments

/payments

The Role of ISO20022 and Open Banking Adoption in Harmonizing Payments

Katja Lehr, Managing Director, EMEA Payments and Commerce Solutions, J.P. Morgan, speaks at EBAday 2023 about the shifts we are currently seeing in cross-border & instant payments technology. Examining the use of Open Banking adoption and innovation by regulators across CEEMEA, we explore the role of ISO20022 and how developing initiatives will support the harmonization of cross-border payments.

A fresh look at Market Trends in the Payment Ecosystem

/markets

A fresh look at Market Trends in the Payment Ecosystem

Fabio Distaso, Head of ABC Banking at NTT DATA EMEA, and José Ignacio Nuñez, Head of Global Payments at NTT DATA, speak at EBAday 2023 about top market trends, how product strategy is responding, and current developments within the payment ecosystem.

Market Trends and Asset Developments on the Horizon

/markets

Market Trends and Asset Developments on the Horizon

Andrea Giuliani, Head of Payment Solutions at NTT DATA Italy, speaks at EBAday 2023 about the partnership between NTT Data and EBA, the market trends impacting their product strategy, and the latest advancements in their assets.

The Evolution of Payment Infrastructures

/payments

The Evolution of Payment Infrastructures

Julio César Fernandez, Director of Business Development & Operations Support, Cecabank, and Nuria Mohedas, Director of Payments and Digital Banking, Cecabank, speak at EBAday 2023 about the evolution of various payment infrastructures seen today, the impact on account-to-account instant payments, and the anticipated changes in the payments field in the coming months.

The Impact of New European Regulation on Instant Credit Transfers

/payments

The Impact of New European Regulation on Instant Credit Transfers

Erik Alstromer, Head of Product - Europe and New Markets, Form3, joins us at EBAday 2023 to discuss the new regulation being introduced in Europe around one-leg-out transactions for Instant Credit Transfers. By delving into what it means for the space, we understand how this will impact Financial Institutions, interoperability and the value of platforms as facilitators for growth.

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