Ivan Shkvarun

🚨EU Banking Alert: What You Must Know for 2025!🚨 Diederik Bruggink, Head of the Department of Payments, Digital Finance, and Innovation at the European Savings and Retail Banking Group (WSBI-ESBG), will be speaking at #BANCEE24 this November in Budapest. In his keynote, Diederik will provide valuable insights into the key EU banking regulations that will impact the industry in 2025 and beyond. 🚨 As the regulatory environment continues to evolve, banks must stay ahead of the latest changes. During his presentation, Diederik will cover critical topics, including: ✅ The Digital Euro – friend or foe? ✅ The future of instant payments in euro ✅ Financial data access and what it means for retail banks ✅ The Savings and Investment Union: risks, opportunities, and its impact on the market ✅ Simplifying administrative and reporting burdens ✅ The role of Sustainable Finance and upcoming regulatory changes 👥 This is a must-attend session for banking professionals looking to stay competitive and compliant as the EU banking landscape shifts. 📅 Join us in Budapest on 7-8 November for BANCEE24, where you’ll gain expert knowledge on how to navigate the regulatory changes shaping the future of European banking. 👉 Register now to secure your spot! 🔗 https://www.bancee.eu/

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Speaker announcement. Niels Decraene, VP Europe at Transmit Security presents "Leveraging GenAI to Prevent Push Payment Fraud" at the Amsterdam Fintech Forum, June 3, agenda and registration: https://lnkd.in/ewdzhGG8 Join us to tackle the growing challenge of authorised push payment fraud, the most common threat to financial transactions. We’ll delve into the innovative use of AI, including generative AI, and digital identity to bolster security and counter sophisticated fraud tactics. In an era where AI empowers hackers to launch high-quality attacks at scale, this session is designed for payment professionals aiming to harness AI technology to secure a trustworthy payment environment. Ana de Jorge #GenAi #paymentfraud #payment #fraud #thebanking50 #fintechnetherlands #money2020

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Worldline Ensures Timely Regulatory Compliance for Anadolubank Nederland N.V. by Providing Cloud-Based Instant Payments Read more: https://lnkd.in/eX4zP9c4 #Worldline #Anadolubank #InstantPayments #CloudPayments #RegulatoryCompliance #FintechSolutions #DigitalBanking #TechInFinance #finance #fintech #FinancialIT

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Beware of the Latest EMV Offline Transaction Fraud! A new fraud scheme has emerged, targeting EMV offline transactions. Fraudsters are exploiting a vulnerability in certain payment devices to bypass authorization and complete fraudulent transactions. How it works: *Fraudsters use a mobile app to trick payment devices into offline mode. *They then initiate a transaction without proper authorization. *This results in unauthorized purchases or gift card activations. Protect your business: *Update software: Ensure your POS and payment devices have the latest security patches. *Limit offline transactions: Consider disabling deferred authorizations and offline transactions if possible. *Monitor activity: Keep a close eye on unusual activity, especially force-posted and offline transactions. *Implement controls: Set up velocity controls for offline or deferred authorization transactions. Stay vigilant and take proactive steps to safeguard your business from this emerging threat. #cybersecurity #fraudprevention #EMV #paymentsecurity #fintech

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💡 Last week European Payments Council published third version of Mobile Initiated Sepa (Instant) Credit Transfer and Interoperability Guidance. Below is few highlights from the guidance SEPA Instant Credit Transfers are gaining traction within the SEPA framework, with mobile channels anticipated to play a crucial role in their adoption. Retailers being increasingly interested in SCT-based payments for both in-store transactions and mobile commerce, viewing them as a complement to traditional card payments. Several European countries have already launched various solutions in this area, reflecting the growing momentum for instant payments. Mobile Initiated SEPA (Instant) Credit Transfers (MSCTs) represent a modern approach to digital payments, allowing users to initiate instant credit transfers directly from their mobile devices. 💡 MSCT Transaction Mechanics MSCTs encompass both SCT Inst (SEPA Credit Transfer Instant) and SCT (SEPA Credit Transfer) transactions initiated through mobile devices. These transactions utilize existing payment infrastructures in the inter-PSP (Payment Service Provider) space, focusing on interactions beyond this space, such as between the payer's mobile device and the point of interaction (POI). 💡 Modes of MSCT Transactions There are two primary modes of MSCT transactions based on how payment initiation data is exchanged: 💡 Payee-Presented Data: In this mode, the payee provides necessary data to the payer, either through direct presentation or prior sharing (e.g., P2P payments). This method is widely adopted for various payment contexts, particularly P2P and consumer-to-business (C2B) payments at physical points of sale (POI), often using QR codes. 💡 Payer-Presented Data: Here, the payer provides their identification data to the payee, which can be shared through proximity technology or manually entered. This mode is appealing for businesses wanting to offer enhanced customer experiences but faces challenges such as the need for compatible POI terminals and security concerns regarding data generation. The standardization of QR codes for interoperable SCT Inst payments is currently in the final approval stage by the European Committee for Standardization (CEN). 👉 Click here to read the complete guidance: https://lnkd.in/dyAiPbSz

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🔴 LIVE NOW 🔴 Jorissa Neutelings 💡, Chief Digital Officer, ABN AMRO Bank N.V. is opening #MLPAYMENTS24 with her keynote address ‘Treating the customer as a real person’. This is not a talk to miss, head over to the Stage 1 now to catch her insights! #MLPAYMENTS24 #payments #banking #merchants #paymentsecosystem #fintech #tech

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Why is balancing security and user-friendliness a challenge for banks? Jorissa Neutelings 💡, CDO at ABN AMRO Bank N.V., joins us on Chief Digital Heroes in Banking to discuss how banks must navigate the complexities of providing robust cybersecurity while ensuring a seamless user experience. 𝗛𝗲𝗿𝗲 𝗮𝗿𝗲 𝘁𝗵𝗲 𝗸𝗲𝘆 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲𝘀 𝘀𝗵𝗲 𝗽𝗶𝗻𝗽𝗼𝗶𝗻𝘁𝘀: 1. Ensuring robust cybersecurity measures without complicating user experience. 2. Addressing customer concerns about digital safety. 3. Implementing frictionless interactions while maintaining security protocols. 𝗧𝗼 𝗮𝗰𝗵𝗶𝗲𝘃𝗲 𝘁𝗵𝗶𝘀 𝗯𝗮𝗹𝗮𝗻𝗰𝗲, 𝗝𝗼𝗿𝗶𝘀𝘀𝗮 𝘀𝗮𝘆𝘀, 𝗯𝗮𝗻𝗸𝘀 𝗺𝘂𝘀𝘁: 1. Invest in advanced security technologies. 2. Educate customers on safe digital practices. 3. Continuously refine user interfaces for ease of use. Tune in now for more of Jorissa’s expansive insights! 🎧 Listen on Apple: https://hubs.li/Q02ZRZMr0 🎵 Tune in on Spotify: https://hubs.li/Q02ZRShG0 #ChiefDigitalHeroes #ChiefDigitalOfficer #DigitalTransformation #BlockchainTransformation

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𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧: 𝐖𝐡𝐚𝐭’𝐬 𝐭𝐡𝐞 𝐝𝐢𝐟𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 ‘𝐒𝐜𝐚𝐦𝐬’ 𝐚𝐧𝐝 ‘𝐀𝐏𝐏 𝐅𝐫𝐚𝐮𝐝’ 🤔 Scams: Citizens Advice estimate there are 𝘧𝘰𝘶𝘳 𝘮𝘪𝘭𝘭𝘪𝘰𝘯 𝘱𝘦𝘰𝘱𝘭𝘦 𝘴𝘤𝘢𝘮𝘮𝘦𝘥 𝘺𝘦𝘢𝘳𝘭𝘺 in the UK 🤯 APP Fraud: The Payment Systems Regulator reported there were 252k 𝘤𝘢𝘴𝘦𝘴 of Authorised Push Payment Fraud in 2023* Why is there such a chasm between the two??? - Because there is a difference between estimates and reports? And perhaps people vs cases? - Because APP is a small subsection of ‘scams’? - Because of something else? Does anyone have better insights and thoughts? PS: Tagging a few people more knowledgeable than me who might be able to comment - hope you don’t mind 🕵️‍♂️  *these cases are from the 14 largest banking groups - Revolut, Wise and others are not included in the data.

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Eliminate cash handling errors with the Royal Dutch Kusters Banknote Puncher! Experience heightened security, streamlined operations and enhanced efficiency. Globally, unfit banknotes that are unfit for circulation must undergo sorting, gathering, and eventual destruction, usually carried out centrally. However, transporting these notes to authorized institutions poses inherent risks. To mitigate these risks, the Banknote Puncher allows for local cancellation of unfit banknotes immediately after sorting. This cutting-edge banknote-cancelling machine serves as crucial support for local bank branches, significantly reducing transportation risks. The punched holes render the banknotes worthless, thereby eliminating risks during transport. The machine's ability to use different punch patterns also enhances the visibility of the origins of the banknotes. 👉 Explore how our Banknote Puncher can revolutionize your cash management: https://bit.ly/47xYlbs #cashmanagement #bankingsolutions #security #unfitbanknotes

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⬇️ Today we’ll zoom into the #Payments ecosystem in #Netherlands from our latest white paper, "Key Players in the EU Payments Landscape 2024": https://lnkd.in/dVYy5rTP 💳 The Dutch payment system is well known for its efficiency. Driven by a strong banked population, it is oriented towards electronic, contactless and even cardless technologies. 🌐 Contactless and cardless payments, particularly via mobile NFC technologies, are becoming the norm, representing 37% of all POS transactions in 2023. Currence iDEAL continues to dominate the online payment landscape, processing €124 billion in transactions last year. 📈 The Tikkie app developed by ABN AMRO Bank N.V. is a very popular local means of payment and is used by over 7 million people or roughly 40% of the population. its popularity is partly due to the widespread use of WhatsApp. 🏦 The banking sector is highly concentrated, dominated by giants like ING Nederland, Rabobank, and ABN AMRO Bank N.V., which control 87% of the market in terms of total assets. Other local players include de Volksbank, and the "sustainable bank" Triodos Bank. In addition to traditional banking players, Dutch neobanks have emerged, namely bunq and Knab (by Aegon). 📶 The Netherlands is home to many payment service providers. One of its most renowned paytech is the processor and acquirer Adyen which provides payment solutions for Netflix, Meta, Uber and Spotify, among others. Equens Worldline , part of Worldline, became the largest instant payment processor in the euro area in 2019. Mollie is another Dutch processor widely used across Europe. Other important players include European Merchant Services, International Card Services, PAY., CCV and CM.com. The Netherlands is also home to our prestigious members The Paypers Fraudio and Modulr. Key Takeaway💡 : “The Netherlands’ payment landscape is recognized for its efficiency and robust C2C microtransaction culture, fueled by a tech-savvy, well-banked population. In 2023, debit cards dominated POS transactions with 79.7% of payments, while cash usage held steady at 19.9%. Notably, NFC mobile payments surged in popularity, making up 37% of all contactless transactions, reflecting…” Want to read the full “Expert Opinion” from Deloitte professionals Gizem Saydan and Tom van Roij on the Dutch payment landscape? Download the report here: https://lnkd.in/dVYy5rTP

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An open call to FinTech-focused SMEs to join a 4-day (June 4-7, 2024) Trade Mission to the Netherlands, a global centre for innovation! More than 850 fintech companies, financial institutions, and technology companies are based in the Netherlands, making it the second-largest fintech industry in the EU and the third-largest in terms of investment funds. The Netherlands is home to the third-largest startup community in Europe and the fifth-largest scalable community. As one of the best countries in the world for business, the Netherlands offers excellent conditions for scaling financial technology in Europe. The trip programme encompasses: 🇳🇱 Business visit to the fintech conference Money20/20; 🇳🇱 Meetings with business representatives, associations, and business unions; 🇳🇱 An educational workshop with experts on "Navigating the Fintech Market in 2024"; 🇳🇱 Business visits to the Dutch tech ecosystem. 8 small and medium-sized companies will be selected to participate and will have the opportunity to:  ✔️ Establish new and promising contacts for cooperation and export; ✔️ Explore the Dutch market from the inside, learn its market features and potential; ✔️ Present the opportunities of the Ukrainian IT sector and exchange experience with Dutch IT companies and associations Hurry! Accepting applications by May 25th, 2024: lnkd.in/eufRq46t Terms of participation: lnkd.in/eufRq46t ℹ️ The trade mission will be organised by the IT Ukraine Association in cooperation with the Entrepreneurship and Export Promotion Office (Ukraine), a national project of Diia.Business with the financial support of the European Union and the German government within the framework of the international cooperation program “EU4Business: recovery, competitiveness and internationalisation of SMEs”, which is implemented in Ukraine by the German federal company Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH.

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Another day, another data breach in the banking industry. ABN Amro Bank NV is the latest European lender to fall victim to a cyber attack through one of its suppliers. This serves as a stark reminder of the importance of strong cybersecurity measures in today's digital age. Let's stay vigilant and protect our data at all costs. #Cybersecurity #ABNAmroBank #DataBreach #StaySafeOnline https://hubs.ly/Q02yzpWc0

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𝗪𝗵𝗮𝘁 𝗼𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝗶𝗲𝘀 𝗱𝗼𝗲𝘀 𝘁𝗵𝗲 𝗔𝗰𝗰𝗲𝘀𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 𝗜𝗺𝗽𝗿𝗼𝘃𝗲𝗺𝗲𝗻𝘁 𝗔𝗰𝘁 𝗼𝗳𝗳𝗲𝗿? 🔓🏦The following applies to banks: digital solutions and web-based content must comply with the Web Content Accessibility Guidelines up to level AA, otherwise there is a risk of fines of up to 100,000 euros. ✅ The implementation offers a significant opportunity to expand the customer base and strengthen the brand image. ✅ Barrier-free design improves accessibility for all and promotes equal opportunities. ✅ In the long term, banks benefit from forward-looking and flexible solutions that meet the requirements of an increasingly inclusive society. 💡 In their article, Christoph Edlinger-Kerle and Anna Großalber give you an insight into the European Accessibility Act and its national implementation: ► Barrier-free banking - how are banks affected? ► An important step towards equal opportunities ► What exactly is considered an impairment? ► The future of banking - advantages and opportunities for banks https://lnkd.in/dVimCjn2 #accessibility #accessible #barrierfree #banks #equalopportunities #inclusion #future #opportunities applied by zeb #bankinghub #banking #zebconsulting zeb consulting

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Bank security is one of the key topics of security essen 2024 and on September 19, the “Day of Banks and Savings Banks” will showcase practical solutions for financial institutions. "With the right measures, the number of explosive attacks in some regions of Germany has been reduced by up to 80%," Julia Jacob, Project Manager at Security Essen, stated. "Our experts will showcase the most promising options, products, and strategies during this event." Read more here: https://lnkd.in/eHJ9DUds

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🔍 Transforming the Financial Sector: The EU Digital Identity Wallet 🔍 The EU Digital Identity Wallet is set to revolutionize the financial sector, and banks are uniquely positioned to provide trusted identity wallets. To succeed, banks need to start preparing. Missed our live webinar? Don't worry! You can now watch the Nets-hosted session where top industry experts Kristian T. Sørensen, Oscar Santolalla and Viky Manaila explore the transformative impact of the EUDI Wallet on European financial institutions and discuss how banks can prepare for these changes. 👉 Watch the webinar recording here: https://lnkd.in/dcCJ537A #EUDIWallet #EUDIframework #DigitalIdentity #eIDSolutions #eIDAS2.0

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Trust and security are key for Rabobank, one of the largest financial institutions in the Netherlands. Discover how Rabobank uses Inverid’s ReadID technology to remotely verify customer identities with ease and compliance. By integrating NFC-based identity verification into their onboarding process, Rabobank enhances both security and user experience, ensuring that clients can safely access their services from anywhere. Read the full case study here to learn more: https://lnkd.in/eYSeFBF2

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OBL CEO, Henk Van Hulle welcomes the publication of the Joint Regulatory Oversight Committee’s report on the design of the Future Entity. He explains that the report provides clarity and direction for the future of open banking and stresses the importance of continued collaboration across all stakeholders if we are to maintain momentum in the market. Read full article >> https://lnkd.in/gYajxtZA #openbanking #openfinance #smartdata

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🔑 𝐂𝐫𝐨𝐬𝐬-𝐬𝐞𝐜𝐭𝐨𝐫 𝐢𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧 𝐬𝐡𝐚𝐫𝐢𝐧𝐠 𝐢𝐬 𝐭𝐡𝐞 𝐤𝐞𝐲 𝐭𝐨 𝐢𝐦𝐩𝐫𝐨𝐯𝐢𝐧𝐠 𝐟𝐫𝐚𝐮𝐝 𝐩𝐫𝐞𝐯𝐞𝐧𝐭𝐢𝐨𝐧 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐨𝐦𝐢𝐧𝐠 𝐲𝐞𝐚𝐫𝐬 Fraud information sharing took center stage yesterday at the European Payment Institutions Federation (EPIF) annual conference in Brussels. Once again, many speakers emphasized how essential collaboration between social media platforms and banks is to stop online fraud and scams. Responding to European banks' calls for greater accountability from all stakeholders, Jon Bromma from Meta shared its vision on how AI + collective intelligence can stop fraud and highlighted Meta recent collaboration with UK banks. In this initiative, UK banks directly flag potential scammers to Meta with the help of the victims, enabling swift action to shut down fraudulent profiles. However, a significant challenge remains in the EU: the lack of a clear legal framework to support secure & GDPR compliant fraud data sharing between social media platforms and the payments ecosystem. That said, progress is underway. This year has brought more open discussions and workshops, signaling a shift toward greater collaboration. The upcoming release of PSR/PSD3 presents a vital opportunity for Europe to strengthen its payment ecosystem and fight fraud collectively and more effectively.

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