75% of banks to invest in risk technology transformation amid unyielding headwinds

14 March 2025
Knowledge Base

Having navigated the coronavirus pandemic’s disruption, the banking industry faces a new era of volatility and uncertainty. Soaring interest rate and liquidity risks have toppled eight banks since 2023. Credit risk looms large amidst geopolitical tensions and the squeeze of inflation. Regulatory change and complexity abound. To effectively confront the mounting challenges, a global risk management survey from FT Longitude and data and AI leader SAS reveals that:

75% of banks intend to increase investment in risk technology infrastructure (up from 51% in 2021). 64% plan to augment spending on third-party software (vs. 43% in 2021).

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SEON 2025 Digital Fraud Report Reveals Surge in Fraud Prevention Budgets & Headcounts

12 March 2025

SEON, the leader in digital fraud prevention and compliance, has on 5 March announced the release of its 2025 Digital Fraud Report, a global fraud, risk and compliance trend survey highlighting fraud prevention strategies, benchmarking efforts and emerging trends shaping 2025. Culled from insights from 574 decision-makers and strategic leaders across financial services, fintech, payments, eCommerce and iGaming, the report highlights rising fraud prevention spending and strategic team expansion to counter increasingly sophisticated AI-driven fraud threats.  Continue reading…

Eunice Launches AI-Driven MiCA Whitepaper Library for Scalable Crypto Compliance

10 March 2025
Knowledge Base

Eunice, an AI fintech company solving B2B challenges in crypto, has launched the MiCA Whitepaper Library, an AI-powered solution designed to simplify compliance with the Markets in Crypto-Assets Regulation (MiCA). The platform streamlines the whitepaper process for crypto projects and exchanges, reducing operational burdens and helping avoid the risk of delisting in Europe. Eunice has partnered with CMS, a top-tier law firm with extensive expertise in EU law, to provide legal opinions where needed. Continue reading…

Photo: Neil Esho, Secretary General of the Basel Committee on Banking Supervision

Quality, simplicity and transparency

07 March 2025

by Neil Esho

I would like to start by thanking the organisers for the invitation to speak at the “TBTF & Financial Stability” Symposium in Zurich. A resilient banking system and financial stability more broadly are largely driven by:

Bank risk management and governance practices; The quantity and quality of capital and liquidity buffers; The effectiveness of bank supervision; and The effectiveness of market discipline.

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Most EU countries rely on international card schemes for card payments, ECB report shows

06 March 2025

The European Central Bank (ECB) today published the latest report on card schemes and processors. Card payments have emerged as the dominant electronic payment method in the European Union (EU), accounting for 70 billion payments – 54% of all non-cash transactions – in 2023. The report’s findings raise questions about the EU’s strategic autonomy in payments, particularly given the growing dominance of international card schemes. Continue reading…

Lieve Lowet

Lieve Lowet

EU Affairs consultant and lobbyist

Waiting for the European Single Access Point to see some SII review improvements?

04 March 2025

Directive 2023/2864 amended in 2023 Directive 2009/138 (the SII directive or SII) by inserting a new Article 304b into SII. That article was not amended by the SII Review Directive (Directive 2025/2). As a result, according to Article 304b, the following information will be accessible on the European single access point (ESAP) as of 10 January 2030.

Any information referred to in Article 51(1) of Directive 2009/138; Any information referred to in Article 256(1) of Directive 2009/138; The information referred to in Article 271(1) of Directive 2009/138; The information referred to in Article 280(1) of Directive 2009/138.

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FSB Chair calls for renewed focus on implementation

03 March 2025

The Financial Stability Board (FSB) has published a letter from its Chair, Klaas Knot, to G20 Finance Ministers and Central Bank Governors ahead of their meeting on 26-27 February. The letter notes that shifting financial conditions and geopolitical uncertainty call for continued vigilance on financial stability. The FSB has developed extensive reforms in recent years to enhance resilience by addressing key financial system vulnerabilities. These reforms target not only safety and soundness, but also support innovation by providing clarity on policy approaches for emerging topics like crypto-assets. Continue reading…