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Daniel Szmukler

Daniel Szmukler

Director at EBA
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Providing the trust foundation for the data economy

08 Jan 2019

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...


RegTech, DLT and the evolution of smart payments

04 Dec 2018

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...


Getting real with real-time payments

11 Sep 2017

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...


Digitalisation, open banking, PSD2, instant payments remain hot topics for 2017

23 Dec 2016

One does not have to be a clairvoyant to see that digitalisation, open banking, PSD2 and instant payments will be high on the industry’s agenda in 2017. Consequently, these topics will feature prominently in the programme of next year’s EBAday and of the Summer and Winter School that the EBA will organise throughout the year to give participants f...

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A look back at EBAday 2014

  From Vision to Focus Major progress was made in 2014 on the common understanding of the strategic importance of alternative payments for the European banking sector, against the background of transforming private and public sectors. The EBA produced three key deliverables in this field. One on the user requirements for e-APs, in which the change drivers and the various product segments were described in more detail, including a comprehensive summary of challenges for banks. The second deliverable was on Digital Identity and its strategic relevance to the banking industry. Digital Identity leverages trust and the existing security infrastructure towards consumers, merchants, corporates and other e-AP providers. The third deliverable is on the infrastructure requirements for e-APs. The EBA Working Group on Electronic Alternative Payments (e-APWG) analysed the infrastructure landscape of e-APs and calls now for collaborative action to create the so-called ‘Digital Services Infrastructure’. This ‘layer’ on top of the existing infrastructure should offer EU-wide trusted reach to e-APs to reduce fragmentation, as well as provide real-time payment capabilities through bank and non-bank payment providers. The results are also very relevant for all regulatory developments banks are facing for 2015 and beyond, including Secure Pay, PSD2 (Access to the Account), eIDAS, Data Protection and AML4. Over the last year the transformational capability of e-APs have become more apparent and actionable for 2015. Change will go beyond the payment silo within banks. In order to accelerate the required change within institutions the overall understanding of banking challenges in this domain need to be communicated and understood by a large audience of decision makers and influencer. As speed is of the essence, EBAday in Amsterdam will gather senior leaders of the various banking silos to become aware and involved in these highly strategic change projects. Could one think of a better way to mark EBAday's 10th anniversary?