EBAday

EBAday is the annual event for European payments professionals organised by Finextra and the Euro Banking Association. This community has been created to deliver a forum for EBA delegates to exchange views on instant payments, open banking and new developments in payments processing and technology.

John Bertrand MD at Tec 8 Limited

Instant Payments, Global platforms choices, accelerating scams: Action essential

Having two real time systems in the UK – CHAPS and Faster Payments - is a bonus. The task is to see how they can work together against the growing demand for instant payments regardless of amount and currency worldwide. Can a combination of these platforms become a highly valued asset in global instant payments? In 2023 EU will be mandating the us...

09 June 2023 /payments /crime

Rolf Hauge CEO at Commercial Banking Applications (CBA)

Sanction screening and AML control: the right or wrong approach?

Over the past decade the requirements for sanction screening and anti-money laundering (AML) control have increased dramatically, and regulators have stepped up enforcement. Estimates indicate that fines of over $25 billion dollars have been issued in the last ten years for AML and sanctions violations by regulators across North America, Europe an...

18 June 2019 /payments /regulation

Anders Olofsson Payment Oracle at FintechCore

How SWIFT gpi is harnessing the power of collaboration to transform cross-border payments

Wim Raymaekers, Global Head of Banking Market, SWIFT and Anders Olofsson, Global Head of Payments, Finastra In recent years, the idea that the world has advanced from “ego-system” to “eco-system” economics has been made famous by the renowned business academic Otto Scharmer of the MIT Sloan School of Management. And it’s certainly a concept that s...

12 June 2019 /payments /cloud

Anders Olofsson Payment Oracle at FintechCore

Why Open Banking will become a transformational force in the corporate banking market

Gunnar Berger, Head of Open Banking in Nordea and Anders Olofsson, Head of Payments at Finastra In my day job as Head of Open Banking, my responsibilities include not only delivering on PSD2 compliance but also seeking out opportunities for innovation in corporate banking products. This means I encourage my team to engage with our sales people and ...

12 June 2019 /payments

Anders Olofsson Payment Oracle at FintechCore

Tensions in today’s payments market may pose challenges

By Anders Olofsson, Head of Payments and Open banking Finastra, Simon Eacott Head of Innovation & Business Development, Payments, NatWest, Teresa Connors Head of Market Engagement, Payments, NatWest Rapid digital innovation. New models. New markets. Competitors becoming partners. Value chains simultaneously disintermediating and integrating. As...

20 May 2019 /payments

Anders Olofsson Payment Oracle at FintechCore

Banking in a world of platforms

By Tony McLaughlin, Citi, and Anders Olofsson, Finastra They say that software is eating the world but we believe it is more appropriate to say that platforms are eating the world. McKinsey has estimated that some $80trn of economic activity will ultimately resolve into platforms. And we can see the shift to platforms happening all around us—whethe...

17 May 2019 /payments

Daniel Szmukler Director at EBA

Providing the trust foundation for the data economy

As concerns over platform domination in all sectors are growing, businesses in Europe have been finding ways to proactively take part in the growing digital market place. Data sovereignty, the idea that data owners have control over their data, is emerging as the new paradigm. GDPR and PSD2 are already a first legal incarnation of data sovereignty...

08 January 2019 /payments

Daniel Szmukler Director at EBA

RegTech, DLT and the evolution of smart payments

European financial institutions are facing an ever-evolving set of regulations aimed at maintaining stability, competition, and innovation in the digital economy. As a result, regulatory compliance increasingly necessitates a significant investment of resources toward updating internal processes and IT systems. This can have the effect of limiting...

04 December 2018 /payments

Bob Lyddon Consultant at Lyddon Consulting Services

Virtual Accounts and On behalf of payments raise major AML issues

We have issued another call to Wolfsberg Group, this time to make major changes to the section in their Payment Transparency Standards 2017 on “On behalf of” payments, and the related Virtual Accounts over which such payments (and receipts) are passed. This subject is on the agenda on Day 1 of EBADay in Munich. Our analysis is based on a case study...

29 May 2018 /regulation

Daniel Szmukler Director at EBA

Getting real with real-time payments

At EBAday 2017, speakers and delegates discussed the many accelerating changes affecting the traditional payments landscape today. One of the topics that attracted the most interest was the prospect of instant payments becoming available at a large scale soon, both to customers within Europe and beyond. As real-time payment systems are proliferati...

11 September 2017 /payments