Tomasz Kurr

We are pleased to announce that on Thursday, November 21st, we will be participating as a sponsor in the 20th Edition of the Annual AIPB - Associazione Italiana Private Banking Forum. We are excited to be part of this key event in the Italian financial market, where we will discuss crucial topics in private banking and highlight what Allfunds 3.0 can and is already delivering to clients, partners, and the industry. See you all soon! #AIPBforum24 #PrivateBanking #Allfunds #WealhTech #Fintech

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UniCredit's announcement has sparked a ton of conversation about #BaaS and why technology and banking licence need to work hand in hand to enable effective #embeddedfinance. Listen to Filip Zola, Head of Product BaaS Solutions, talk about how Aion Bank/Vodeno have the ability to offer a ‘digital banking in a box’ for clients to embed a full range of financial solutions directly into their #customerjourney.

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UniCredit's €10 billion bid to acquire BancoBPM marks a significant step in European banking.🏦 The deal would solidify UniCredit's position as Italy's second-largest lender, creating a more competitive domestic powerhouse capable of handling heightened regulatory pressures and profitability challenges. This move aligns with EU encouragement for cross-border and domestic bank mergers to strengthen the sector. Earlier this year, UniCredit also acquired 7% of Commerzbank AG in Germany, signalling its ambition to diversify across the European markets. Together, these strategic moves suggest UniCredit aims to bolster market share and resilience across Europe. Across Europe, we’re seeing consolidation accelerate as banks seek scale to compete globally, reduce costs, and embrace digital transformation. From Societe Generale merging its French retail arm with Groupe Crédit du Nord to DNB and Carnegie Investment Bank’s new alliance in the Nordics, the race is on to create streamlined, resilient institutions in Europe. It's exciting to see UpSlide clients at the heart of this activity, encouraging growth rather than cuts within the industry! 📈 #MergersandAcquisitions #Banking #Finance #Europe

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⬇️ Today, let’s deep dive into the #Payments ecosystem in #Italy from our latest white paper, "Key Players in the EU Payments Landscape 2024": https://lnkd.in/dVYy5rTP 💳 Owned by local banks, BANCOMAT S.p.A. plays a central role in Italy’s payment landscape with three main solutions: Bancomat (interbank network), PagoBancomat (the card scheme), and BancomatPay (online payment solution). While cash still dominates at POS, with 69% of transactions, digital payment adoption is rising. Visa and Mastercard are also key players, with 34% and 20% market share, respectively. 🌐 Similar to other European countries, Italy offers a range of alternative payment methods. Our Member Satispay is a highly popular mobile payment app, with over 4.4 million users and partnerships with government platforms like PagoPA S.p.A. PayPal remains the leading digital wallet, with over 90% market share, and other solutions like Apple Pay, Google Pay, and Skrill are available. Meanwhile, BNPL continues to grow, led by local unicorn Scalapay. Scalapay entered multiple partnerships during the second half of 2023, partnering with the US-based card issuing platform Marqeta. Other players include Tinaba and MyBank. 🏦 The three leading banks are Intesa Sanpaolo, UniCredit, and CDP Cassa Depositi e Prestiti (CDP), holding significant market share. UniCredit’s buddyunicredit, N26, Revolut, and HYPE can be found in the fully digital banking landscape, and non-banking issuers like PostePay and Mooney are important institutions in Italy. The key challenge that banks and financial institutions are facing is the instant payments regulation. This regulation poses digitalisation challenges to the players in this industry and may lead to an overhaul of the entire internal IT payment systems of certain institutions. 📶 Italy is a strategic market for payment service providers as it transitions from cash to digital. Major players like Nexi Italy lead the payment processing space, serving over 900,000 merchants. Worldline Italia, Axerve and Edenred Payment Solutions are also prominent players, with growing acceptance networks across the country. Key Takeaway💡: "Local payment solutions (such as Bancomat, Satispay) remain highly popular and the preferred payment methods. Due to the high cash usage in the country, Italy is an attractive market for new players and innovative solutions. Similarly to other countries in the European Union, instant payments have become one of the key challenges and will force players to adapt their technical capabilities.” Massimo Tonassi | Partner – Deloitte

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Since 2017 the #FintechChannel has been a point of contact through which startups, companies, banking and financial intermediaries which aim at developing innovative solutions in the area of financial and payment services can dialogue with #Bankitalia. Through the Fintech Channel, Bank of Italy replies to questions on interpretation of the regulatory framework, comparison of market trends, multidisciplinary insights, and opportunities related to #MilanoHub and #Regulatory #Sandbox innovation channels. #Bankitalia #FintechChannel can count on a dedicated team composed of experts in economics, finance, insurance, technology, law and regulation. This team, with whom you quickly get in touch, performs cross-cutting analyses and provides the required answers. #FintechChannel since 2017 has already supported more than 170 entities by offering: 🗨️ An informal dialogue 💻 Support for digital evolution. 📃 Regulatory guidance Learn more at our website 👉 https://bit.ly/3TNjdXO

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Trustly Expands in Italy with 63% Transaction Growth and New Partnerships Driving Open Banking Innovation Alessandro Biolchi, Head of Italy at Trustly, said: “Payment systems in Italy are in need of modernisation. Greater adoption of account-to-account payments would simplify shopping for both merchants and customers. We believe our Open Banking technology can help businesses lower translation fees, speed up payments, and help reduce fraud. We’ve also recently launched a new AI-enabled recurring payments solution that is designed to improve how merchants handle repeat or subscription payments through a single integration which we believe could prove popular with Italian businesses.” https://lnkd.in/dcqD27Y5 Johan Tjärnberg Adam Miller Daniel Hecker Olof Wirfelt Indra Eileen Chibb Henrik Wallström Andres Suay #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Is the era of A2A payments about to begin? At #EBAday2024, Simone Del Guerra, Head of Central Institutions & International Sales, Nexi Group, talks about the development of #A2Apayments and how #instantpayments will be the catalyst for A2A #payments in Europe. A2A payments are currently fragmented due to the #userexperience at point of sale not being as efficient as more popular payment methods such as #creditcards or #digitalwallets, and customers also do not have the knowledge of or trust in A2A payments. However, successful case studies from across the globe tend to be based on instant payments, driving home the fact that perhaps these two types of payment should be connected, particularly because this will in turn, push forward #standardisation of overlay services such as #RequesttoPay, #databaseproxy, and use of #QRcodes. https://lnkd.in/eSeEAByw #fintech #FinextraTV #finance #economy #money #innovation #future #trends #banking #financialinstitutions #NexiGroup #paymentdevelopment #A2A #paymentinnovation #overlayservices

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Deputy Governor Alessandra Perrazzelli attended the Milan Fintech Summit #MFS24 today, read her speech here 👉 https://bit.ly/4gVD8NI Some key points here 👇   ✅ To improve knowledge and awareness of the challenges and opportunities of the #Fintech sector a constructive #dialogue among regulators, financial intermediaries, academia, technology providers and consultancy firms is essential for steering the potential of #innovation in a positive direction.   ✅ By leveraging a constant dialogue with all the stakeholders in the #Fintech ecosystem, #Bankitalia is implementing a clear strategy to support financial institutions and promote the development of sustainable, sound and responsible innovation, thereby ensuring #FinancialStability, #FinancialInclusion and #ConsumerProtection. To this end, Banca d’Italia has defined a Fintech strategy, refined its policy tools and identified a set of innovation levers to promote the development of the domestic market:   🔹 #MilanoHub is #Bankitalia innovation centre that supports the digital evolution of the financial market; 🔹 the #FintechChannel #Bankitalia is the point of contact through which operators can dialogue easily and informally with the Bank of Italy; 🔹 the regulatory #sandbox #Bankitalia is a controlled environment where supervised entities and #Fintech operators can test technologically innovative products and services. This three-pronged approach provides a unique and privileged vantage point for monitoring developments and trends in the financial market. Moreover, it facilitates a mutual ‘learning process’ that, on the one hand, allows regulators to better assess the risks relating to fintech firms and, on the other hand, enables the latter to benefit from the regulators’ expertise in applying the legal framework.   ✅ What should a central bank’s approach to #Fintech look like? 1⃣   We must apply the principle “same activity, same rules” in order to ensure a level playing field among market participants; 2⃣  Regulation should reduce the administrative burden in order to favour innovation while minimizing its risks.

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UniCredit is upgrading all its debit, credit and pre-paid cards with features designed by Mastercard for blind and partially sighted people. Italy's UniCredit is the latest bank to sign up for the Mastercard Touch Card design, which is based on a system of side notches to help customers identify the right card by touch alone. Already being rolled out in Italy, some 20 million cards will be gradually introduced over the course of 2024 to all customers in the twelve countries where the bank operates. The cards are also made from recycled PVC. Alberto Palombi, head, group payment solutions, UniCredit, says: "Empowering our communities means ensuring that everyone has access to the financial tools they need. This is why we are pleased to announce the integration of notches into our cards for blind and partially sighted customers, which have also been made using certified sustainable materials. "Banks have a key role to play in shaping a better world, and this is another way that we wish to show our customers that we are there to support them." Source: https://lnkd.in/eej_ccAw Sign up for more news updates like this in our daily newsletter: https://lnkd.in/eskQx7Ym #fintech #carddesign #cardcollection #payments #mastercard #financialinclusion #fintechindustry #fintechinnovation #financialtechnology #financialservices #fintechnews 

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Standard Ethics is happy to take part in ABI - Italian Banking Association 's ESG Week taking place from today to 13 November and then the 5-6 December 2024. Manfredi Morello, Head of SOL Operations will be talking about the importance of #ESG #ratings in ensuring a correct and compliant sustainable finance transition on 12 November. Download programme here: https://lnkd.in/dzqSMtg5 #Suatainability #standards #ethics #sustainablefinance #complyingwiththefuture

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📢 Mark your calendars! ⏰ The countdown to EBA IRRBB reforms is on! 🚀 OneSumX Webinar: Countdown to EBA IRRBB Reforms – The time is now! Date: May 14, 2024 Time: 15:00 – 16:00 (CEST) With the European Banking Authority’s (EBA) interest rate risk in the banking book (IRRBB) reporting requirements fast approaching, the time for action is now! As the first reference date approaches on September 30, 2024, European banks must gear up to navigate the complexities and challenges for the new regulations. Join us for an insightful webinar with Xavier Dubois, Director of Product Management, Finance, Risk & Regulatory Reporting, as he shares practical strategies for approaching the reporting requirements. Don't miss out on this opportunity to stay ahead of the curve! Register now! 👉 Link - https://loom.ly/_2FHoNk #EBA #IRRBB #RiskManagement #RegulatoryCompliance #OneSumX #WoltersKluwer #BaselIII #BaselIV #RegulatoryReporting

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The impact of digital banking on the value of the deposit franchise and the stability of the banking sector, from Naz Koont, Tano Santos, and Luigi Zingales https://lnkd.in/enPThFRZ

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During Banking & Insurance Forum event, Ernest Püspök Business Development Director for Central and Eastern Europe at Worldline Financial Services, has deepened into the most relevant directions and trends in the payments industry, from which we expect further developments in the coming months and years. The first crucial element is the impact of the Instant Payment Regulation (IPR) which will make #instantpayments fully available in euro to consumers and businesses in the EU and in EEA countries. Another important transformation is the modernization of the current Payment Services Directive (PSD2) which will become #PSD3 complemented by a Payment Services Regulation (PSR), expected to enter into effect in 2026. Last but not least the Digital Euro project is also ongoing, which is currently in its preparation phase, including finalizing the rulebook and selecting the providers to develop the needed platform and infrastructure. If voted, paying with #DigitalEuro might become a reality around 2027. 🎥🎬Watch it here 👇🏻

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🚀 We're thrilled to announce that CRIF has been named on the #ESGFinTech100 list, recognizing the company among the leading players driving sustainability within the financial services sector Why does this matter? The ESGFinTech100 is an annual list of 100 of the world's most innovative ESG companies offering solutions for the financial services industry selected by a panel of industry experts and analysts. Being on the ESGFinTech100 positions CRIF among the key players shaping a transparent, accountable future in the financial services industry. This award testifies our commitment to high-impact ESG solutions that help businesses thrive sustainably. Read the full press release and what our leadership says about that: https://lnkd.in/dH9nU9bD #Synesgy #ESG #Sustainability #ESGFintech100 #Award

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What you need to know about the evolution of open finance. According to the insightful article on International Banker, key observations regarding the evolution of open finance, particularly in the European and Italian landscapes, include: 1. Digitisation Impact: Digitisation is transforming the demand and supply for financial products and services, compelling financial institutions to invest in innovative technologies and digital payments. 2. Open Finance Ecosystem: Open finance is facilitating wider financial data sharing among players, enriching services tailored to customers' needs and demands. 3. Role of CBI: The consortium company, CBI, has helped to develop infrastructures, services, and ecosystems for the banking and financial industry. In conclusion, the landscape of open finance is growing rapidly, driven by digitisation and changing consumer habits. Companies like CBI are playing a crucial role in this evolution, creating services that ultimately extend to a broad set of clients, increasing efficiency and innovation in the marketplace. What other innovations do you see shaping the future of open finance? #OpenFinance #DigitalTransformation #Innovation #Banking #Finance #CBI Note: This content is derived from the article, "Evolution of Open Finance: A Focus on the European and Italian Landscapes" on the International Banker. https://lnkd.in/d8AET7BB

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