Press release

The Euro Banking Association (EBA) today released a report on “Navigating the path to embedded finance”. The report is based on research by the EBA’s Open Finance Working Group (OFWG), which aims to provide guidance for EBA members to understand the fundamental mechanisms of embedded finance, grasp the opportunities it provides, identify promising embedded finance…

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 published 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) titled “EBA CBCS – Identification…

The Euro Banking Association’s (EBA) Liquidity Management Working Group (LMWG) today published its latest findings on recent developments in the liquidity management arena: Achieving liquidity efficiency in an “imperfect storm” considers how high inflation, rising interest rates and elevated geopolitical uncertainty are impacting the liquidity management ecosystem, and provides guidance on how banks and corporates…

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…

The report by the EBA Digital Currency & Smart Payments Working Group aims to help banks and other supervised intermediaries prepare their organisation for the potential introduction of the digital euro.  

The Euro Banking Association (EBA) today issued version 4.0 of the EBA Fraud Taxonomy, which will take effect on 1 January 2024. The taxonomy equips fraud fighters with a standardised vocabulary and approach for harmonising the categories they use for the description of fraud types. It has been developed by the Association’s Expert Group on…

IBAN-name checks can help to increase the attractiveness of instant payments within the EU, notably by increasing trust in the new mode of payment. But in order to effectively combat attempts at fraud and to bring about greater acceptance of instant payments Europe-wide, they need to be supplemented by further measures. Any possible standardization should,…

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…