Posts by Samia Singh

The Euro Banking Association (EBA) today released recommendations on data verification for corporate-to-bank KYC in low-risk situations. Issued as a follow-up on its EBA Common Baseline Classification Standard (CBCS) released in April 2022, this new publication proposes a harmonised approach to corporate data collection and verification in know-your-customer (KYC) processes.

The Euro Banking Association (EBA) today released a report on the use of real-time data in corporate liquidity management based on research by the EBA Liquidity Management Working Group (LMWG). The aim of this paper is to provide insight into how some companies already use real-time data in the liquidity management space, and where they…

The Euro Banking Association (EBA) announced today that it has made publicly available the EBA Fraud Taxonomy, a pan-European taxonomy for payment fraud types. The taxonomy has been developed by the Association’s Expert Group on Payment Fraud-related Topics to support collective and individual fraud combatting efforts in the European payments ecosystem. The EBA Fraud Taxonomy…

The Euro Banking Association (EBA) today released a report on the opportunities Open Banking provides for improving financial services offered to small and medium-sized enterprises (SMEs). “Open Banking for SMEs – Enhancing financial services for the backbone of Europe’s economy” provides a comprehensive overview of the specific challenges facing the SME sector and how this…

The Euro Banking Association (EBA) today released a report on current developments in digital money, such as Central Bank Digital Currencies (CBDC) and stablecoins. “CBDC, stablecoins and beyond: a deep dive into new forms of digital money” provides a comprehensive overview of these new forms of digital money and how banks can prepare themselves for…