by Jyotsna Bucktowar | Oct 19, 2023
The challenges associated with payment transparency cannot be resolved solely by payment and compliance specialists within banks, but rather require agreement among all payments stakeholders – including competent authorities, the PMIs within their...
by Jyotsna Bucktowar | Jun 16, 2023
The EBA findings suggest that ML/TF risks in the sector may not be assessed and managed effectively by institutions and their supervisors. A more robust implementation by supervisors and institutions of provisions in these guidelines will mitigate the...
by Jyotsna Bucktowar | May 14, 2023
FIs must adapt to changes and embrace opportunities that are here already, such as Open Banking, Open Finance, and Instant Payments. One major development that underpins a lot of payments innovation is ISO 20022, and banks need to adapt to stay ahead of the...
by Jyotsna Bucktowar | May 8, 2023
The Group has published its response to the Committee on Payments and Market Infrastructures (CPMI) report on ISO 20022 harmonisation requirements for cross-border payments. It welcomes the CPMI’s proposed format and analysis of ways to improve...
by AdrianaAMLP | Jul 1, 2022
EBA has adopted a decision on the reporting by competent authorities of payment fraud data under the Payment Services Directive (PSD2), via the European Centralised Infrastructure of Data (EUCLID) and according to the EBA Data Point Model (DPM)…
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