The SCT Inst Migration Action Round Table (SMART2) has published two recommendation notes put together and endorsed by account-servicing payment service providers (AS-PSPs) operating across SEPA. The two notes are aimed to help remedy practical issues hampering the smooth handling of euro instant payments. The notes were published today at the Sibos conference in Sydney and are available for download on the website of the Euro Banking Association, which supports the SMART2 group.

The use of cryptotechnologies such as distributed ledger technology (DLT) for RegTech holds considerable potential for improving regulatory compliance processes. In their latest report, presented today at the Sibos 2018 conference, the Euro Banking Association’s (EBA) Cryptotechnologies Working Group explores how cryptotechnology-based RegTech solutions could be particularly attractive for KYC data management and regulatory reporting.

The EBA offered its first educational event in Asia this year. 31 participants met in Singapore on 17 and 18 October to discuss the realities, chances and challenges of real-time payments and open banking in Asia and in Europe.