EBA releases EBA Fraud Taxonomy version 6.0

The Euro Banking Association (EBA) today issued version 6.0 of the EBA Fraud Taxonomy, which will take effect on 1 January 2026. The taxonomy is reviewed on an annual basis with the support of fraud fighters from financial institutions across Europe. The aim of this process is to ensure that the taxonomy continues to fit…

Read More

EBA addresses challenges of VOP requirements

The Euro Banking Association (EBA) today issued a note zooming in on the challenges related to the implementation of Verification of Payee requirements under the Instant Payments Regulation, with particular emphasis on the implications for the processing of payment orders submitted in bulks, i.e. file formats, by payment service users.

Read More

Sharper insights and stronger defences: how SEB enhanced its fraud-fighting capabilities with the EBA Fraud Taxonomy

Today’s payments ecosystem is marked by deep-rooted silos that impede effective coordination in the battle against fraud. National and regional communities often take distinct approaches, shaped by local regulation, industry initiatives or priorities. Different types of payments – such as card-based and account-to-account – are typically managed separately, with their own processes. These divisions often…

Read More

Happy Birthday, EBA!

“As for the future, the task is not to foresee it, but to enable it.” These words, from the early 20th century French writer, Antoine de Saint-Exupéry, are more poignant today than ever before. They impart a philosophy that the Euro Banking Association (EBA) shares: to drive progress through practical action, not passive prediction. In doing…

Read More