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Daniel Szmukler

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...

/payments EBAday

Daniel Szmukler

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...

/payments EBAday

Daniel Szmukler

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...

/payments EBAday

Daniel Szmukler

Daniel Szmukler Director at EBA

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

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...

/payments EBAday

Daniel Szmukler

Daniel Szmukler Director at EBA

A look back at EBAday 2016

The 11th edition of EBAday in Milan broke a new record with more than 1,000 delegates and a once more sold-out exhibition floor. Thematically, last year’s trends continued as was visible in the 19-session program where instant payments, PSD2, open APIs and cryptotechnology were high up on the agenda. The exhibitors also picked up on these topics e

/payments EBAday

Daniel Szmukler

Daniel Szmukler Director at EBA

Open APIs - the magical elixir?

Open APIs are finding their way into the payments industry. They often facilitate the customer driven ‘opening up’of banks to the outside world in a secure, scalable, reusable and self-service fashion, thereby crossing the internal borders of technology silos and business silos of banks. At EBAday 2016 the Electronic Alternative Payments Working G...

/payments EBAday

Daniel Szmukler

Daniel Szmukler Director at EBA

PSD2: Increasing customer relevance in the digital era

2016 will be another decisive year for the payments industry, as it should become clearer how the provisions on access to Payment Initiation and Account Information services (XS2A) as part of the revised Payment Services Directive (PSD2) will come to live. Will the European Banking Authority (EBA) offer an actionable path, or should the industry st...

/payments EBAday

Daniel Szmukler

Daniel Szmukler Director at EBA

A look back at EBAday 2015

EBAday celebrated its 10th anniversary in Amsterdam with a 19-session program, a sold-out exhibition floor and 871 delegates. After allowing for some days to let the dust settle, it is now a good moment to share some key insights and perceived challenges ahead of us: Change: the only constant With the SEPA migration quasi completed, our industry c...

/payments EBAday

Daniel Szmukler

Daniel Szmukler Director at EBA

Focus needs to be replaced now by action

The financial industry is ripe for change and innovation. Some of these changes are being mandated by regulators. Other disruptions are coming from new technologies such as the rise of apps, mobile devices and social media which have an irreversible impact on customer demands and requirements. In the field of payments, it implies demands for new a...

/payments EBAday

Daniel Szmukler

Daniel Szmukler Director at EBA

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...

/payments EBAday

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