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The Euro Banking Association (EBA) today issued version 5.0 of the EBA Fraud Taxonomy, which will take effect on 1 January 2025. The taxonomy offers a common pan-European vocabulary and categorisation approach to describe fraud scenarios related to all kinds of payments, including card transactions. It has been developed by the Association’s Expert Group on…

The Euro Banking Association (EBA) announced today the publication of recommendations aimed at improving Know Your Customer (KYC) practices in the corporate-to-bank domain across Europe with regard to the identification and handling of Politically Exposed Persons (PEPs), their family members and close associates. The new publication by the EBA Expert Group on KYC-related Topics (KYCEG)…

Volume 18 Number 1 of the Journal of Payments & Strategy Systems by Henry Stewart Publications contains two peer-reviewed articles by the EBA. In “A pan-European fraud taxonomy: Do you speak fraud?“, Annick Moes and Meral Ruesing make the case for harmonising fragmented fraud terminologies and PSP-internal reporting requirements. Thomas Egner co-authored the article “Know…

The training program will provide participants with a comprehensive, detailed overview of the world of payments, including the context and concept, the relevant framework, and future developments. The training consists of the four modules, spanning four days, and is aimed at industry professionals (e.g., product managers, business analysts, payments IT professionals, sales/account managers or consultants). Read…

The rise of digital banking puts a premium on partnerships, but they require substantial investments and organisational changes from both parties. Together with Bain & Company, the EBA explores the key factors that contribute to a successful partnership. Download the report

The former Secretary General and CEO passed away on 20 November 2023.   Read Obituary

The 2023 report of the EBA’s Liquidity Management Working Group (LMWG) considers how high inflation, rising interest rates and elevated geopolitical uncertainty are impacting the liquidity management ecosystem. Read press release Download fact sheet Download report

The seven-pager presents information on the Euro Banking Association, its works streams and the topics they cover. Download flyer

Edwin Sanders (Rabobank) has been appointed as an EBA Board member. As representative of the Dutch community, he is taking over from Han Joosten (Rabobank). Edwin’s appointment takes effect today, 6 September. EBA Chairman, Wolfgang Ehrmann, thanked Han Joosten for his great support of the Association’s activities and welcomed Edwin Sanders to his new position.

The Euro Banking Association (EBA) released a new report providing insight into the financial needs of corporates. The report explores the role of transaction banks and how application programming interface (API) technology could provide a viable solution for handling real-time and on-demand access to data and enable the digitisation of workflows as well as the…