Matthias Dekan

European payment sovereignty is moving forward. After unveiling their cooperation in June, the EuroPA | European Payments Alliance (Bancomat, Bizum, MB WAY, Vipps MobilePay) and EPI Company are pleased to report that the exploratory phase of their partnership, to interconnect their solutions through a central technical hub, based on European standards and infrastructure, is approaching its successful completion. 🎯 The ambition: enabling more than 120 million combined customers across 13 markets in Europe, to send and receive money instantly with friends and family and to make purchases online and in-store, with seamless cross-border reach across Europe, while continuing to use their preferred solutions. A key milestone toward a truly sovereign and integrated European #payments infrastructure, serving both consumers and merchants. An ambition BNP Paribas is proud to support. 🤝

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Entrepreneurs thrive on change. By being able to adapt to new circumstances and overcome new obstacles, business owners can embrace opportunities in uncertain times.   That has been essential in 2025 in what has been a transformational year. In trade, long-established global economic patterns have been challenged. In technology, advancements in artificial intelligence have upended business models and industries.   For some, such change can be unsettling, but less so for entrepreneurs.   Which is why I’m delighted that in HSBC Private Bank's third Global Entrepreneurial Wealth Report we find that business owners around the world are more optimistic than ever. Their positivity, alongside their enthusiasm to take advantage of long-term trends, has continued to shine through in all aspects of their business, investments and personal lives.   This year, we delve into attitudes towards a number of emerging trends. Our findings uncover the deepening of regionalisation in Asia, the growing wealth corridors flowing east and west, and the growing desire to use AI to drive growth.   The data also reveals that entrepreneurs remain as international as ever. Accelerating wealth across Asia and the Middle East is speeding up personal and asset mobility as entrepreneurs acquire additional residencies and diversify their portfolios.   We also examine what this means for both established wealth centres in Europe and newer ones in Asia. What comes across strongly is that globalisation continues to thrive – but it is evolving. Change is always inevitable but seizing the opportunity is not. That’s the lesson we all can learn from the entrepreneurs who successfully navigate the uncertain landscape.   You can read the report in full here: https://lnkd.in/dZSDCS-K #GEWR #Entrepreneurs #Wealth

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I very much enjoyed this year’s Sibos in Frankfurt. It was inspiring to see the entire banking world come together in one place, with plenty of idea sharing and exciting announcements. I also had the pleasure and privilege of speaking on the Exhibitor Stage. Many thanks to DekaBank for sponsoring the presentation slot and the ticket. From my presentation I would like to emphasize in this post the slide on innovation, fragmentation, divergence, and convergence. Innovation rarely begins with order. In the DLT for the financial industry field today, we see a highly fragmented landscape: diverse networks, competing standards, and siloed approaches. This is where the market is right now. It's important to note that fragmentation is not a failure. It is experimentation at scale. Governance, regulation, identity, interoperability, and technology foundations are all being tested in parallel. Every initiative adds knowledge, but also complexity. The next phase is convergence that cleans up the fragmentation, because trust, liquidity, and adoption demand consolidation around shared standards and interoperable models. This does not mean a single global system. A globally unified infrastructure is neither realistic nor desirable given the diversity of jurisdictions, institutions, and use cases. Instead, what will emerge is a set of interconnected clusters. Ecosystems built on common foundations, linked by interoperability, and reinforced by regulation and governance. The way forward is clear: the winners will not be those who build the tallest walls, but those who build the open, neutral, and compliant platforms. This year’s Sibos and the announcements around it are for me a strong signal that after more than a decade of valuable divergence and exploration we are now taking the curve into a phase of convergence and consolidation. In this spirit, the Regulated Layer One is making its contribution to Europe by balancing out compliance, neutrality and openness.

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I would like to extend my gratitude to the Chairman of the Estonian Financial Supervisory Authority Kilvar Kessler for inviting me to participate in the International Conference on Finance in Tallinn today. The conference covered pressing issues relevant to both financial supervisors and banks, with key takeaways from the five sessions sparking insightful discussions: - *Navigating Risk and Uncertainty*: We live in a world where measurable risk appears low, judging from equity prices and credit spreads. However, unquantifiable uncertainty looms large, driven by geopolitics, tariffs and conflicts in our neighborhood. - *Balancing Risk Management*: Successful banks strike a balance between managing risk, satisfying customers and generating adequate returns on capital. Effective governance is crucial, as poorly managed banks can pose a real threat for society. - *Simplifying Regulatory Frameworks*: Overregulation can lead to diminishing returns. We need more impactful, less detailed rules that don't require extensive interpretation or lengthy Q&As. Notably, Baltic speakers were more open to increased EU-level regulation and standardization compared to their Nordic counterparts, possibly due to differing experiences with local interventions such as fee caps and bank taxes. - *Addressing Conflicting Objectives*: Current rules create potential cleavages and conflicts. For instance, how can banks facilitate information exchange on fraud and cyber threats while protecting personal data? How can we support green transition without limiting credit availability due to accounting for physical risk (through lower LTVs)? Ensuring universal access to bank accounts while preventing financial crime is another challenge. Executing instant payments in 10 seconds and fighting financial crime simultaneously is also a concern. - *Global Regulatory Landscape*: If the world enters a race to the bottom in AI, machine learning and data protection regulation, how should the EU respond? What are the risks of maintaining the status quo with the motivation of protecting European values? What unwanted externalities might arise? - *Geopolitical Fragmentation*: As the US and EU diverge, how should we adapt? Should global service providers be more locally embedded in Europe? Should we establish our own providers to compete on a pan-European scale? What implementation timelines can we expect for these strategies? Overall, the conference provided valuable insights into the complex landscape of finance, regulation and geopolitics. I appreciate the opportunity to engage with senior financial sector professionals and share perspectives on these critical issues.

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