Fernando Silva

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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Europe’s new Consumer Credit Directive (DCC2) marks a turning point for our industry. Why? Because the way people borrow has changed, it is now faster, more digital and more fragmented. This new framework aims to protect consumers while creating fair competition among lenders. Let me break down for you the main changes! 1️⃣ 𝗢𝗻𝗲 𝗵𝗮𝗿𝗺𝗼𝗻𝗶𝘇𝗲𝗱 𝗘𝘂𝗿𝗼𝗽𝗲𝗮𝗻 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸 ➜ common rules and standards across all countries, to create a fairer competition among lenders and equal protection for consumers. 2️⃣ 𝗔𝗹𝗹 𝗳𝗼𝗿𝗺𝘀 𝗼𝗳 𝗰𝗿𝗲𝗱𝗶𝘁 𝘂𝗻𝗱𝗲𝗿 𝗼𝗻𝗲 𝗿𝘂𝗹𝗲𝗯𝗼𝗼𝗸 ➜ Buy Now Pay Later, micro-loans or leasing services are now covered by the same regulation as traditional credit, to end grey areas and ensure a clearer, more consistent and transparent market. 3️⃣ 𝗠𝗼𝗿𝗲 𝗰𝗼𝗻𝘀𝗶𝘀𝘁𝗲𝗻𝘁 𝗰𝗿𝗲𝗱𝗶𝘁 𝗰𝗵𝗲𝗰𝗸𝘀 ➜ smarter assessments providing a better balance between access to credit and protection, to ensure loans fit each borrower’s situation. 4️⃣ 𝗦𝗶𝗺𝗽𝗹𝗲𝗿 𝗮𝗻𝗱 𝗰𝗹𝗲𝗮𝗿𝗲𝗿 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 ➜ credit offers that are easier to understand and compare, to help customers make confident and informed decisions. The ambition is about creating more protection for consumers, harmonizing markets and building lasting trust between lenders and customers. From my perspective, I see DCC2 as a true opportunity for BNP Paribas Personal Finance to keep combining innovation with responsibility and make credit even more transparent and accessible for all.

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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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CRM transformation — five years in. A few reflections. When we began the digital transformation of our Retail business, CRM was one of the core strategic bets — foundational to all three domains of our strategy: acquire, engage, and monetize. For those who have led transformation in banking, the complexity is well known: changing how people work, breaking silos, making data usable in real time, and aligning teams around one view of the customer. At the heart of this is a central, state-of-the-art CRM — the core of how the digital bank with a human touch operates. It keeps us context-aware in every interaction and delivers the kind of experience customers increasingly expect when interacting through mobile. Today, it’s part of how we operate — with measurable impact for customers and teams. A few weeks ago, I shared more in an interview. Iryna Arzner, Jalal Douame, Igor Sopcak, Mariia Komissarova, Mathias Fanschek, Petro Merkulov, Matthias Dekan

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Today we have published our analysis on this year’s @European Banking Authority and European Central Bank (ECB) results from the latest EU-wide Stress Test. This year’s results highlight ongoing efforts to strengthen risk management, profitability, and data quality within the banking sector. Curious? Discover our full analysis of the results here: https://lnkd.in/dJ9H5_4K Regulatory changes and new supervisory priorities are prompting institutions to optimize their approaches and prepare for future stress tests covering a broader range of risks, including geopolitical and climate-related factors. Banks are encouraged to continue enhancing efficiency, scenario analysis, and overall readiness as the regulatory landscape evolves. Explore more about #EBA and #ECB here: https://kpmg.com/ecb and subscribe to our newsletter for latest updates and insights: https://lnkd.in/enmhUhBG #EBA #ECB #EUStressTest #Banking #RiskManagement #Supervision #bankingsupervision

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