Mahmoud Marzouk

Chatsworth client RedCompass Labs' research into banks’ readiness for new EU instant payments regulations has featured in Raconteur’s Future of Payments report published in today’s The Times.   The survey of 200 payment professionals in France, Germany, Italy, Spain and the UK found that 32.5% weren’t confident that their firms would be ready to receive instant payments by the start of 2025. In comparison, only 7.5% were very confident of meeting the deadline. Download the report in full here - https://lnkd.in/endFD-hT #instantpayments #futureofpayments #sepainstant #EU #banking #credittransfers  

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Ever wonder how banks talk to each other? This video dives into #ISO20022, a new global standard streamlining financial communication.  Learn how ISO 20022 improves data quality, automates tasks, and boosts efficiency across the financial industry.  See how it's impacting everything from payments to securities trading, and why it's a game-changer for the future of finance.   Watch Ramakrishnan Viswanathan providing exclusive insights on ISO 20022: https://lnkd.in/dckXfPmH #CedarManagementConsulting #Globalfinance #CedarVison

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Listen to our Yapily superstar Andry Reyes podcast episode on the People Of Payments Podcast 🌟 Great to learn more about his career trajectory and predictions into the future of payments! Thanks for featuring him Nathan Davies! #fintech #payments #podcast #speaker

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A1 Bank AG in Austria has gone live with Avaloq’s core banking platform, marking what it describes as a “major milestone” for its digital transformation journey. Avaloq says its core banking platform, launched as part of the Swiss vendor’s banking tech suite in 2001, will automate and streamline “fundamental processes” across A1 Bank’s front, middle and back office, including client onboarding, payments and settlement. It has been deployed by A1 Bank, which operates under telecommunications provider A1 Telekom Austria, on the cloud in a Software-as-a-Service (SaaS) model. For Martin Büchi, Avaloq’s CTO, the platform “provides a solid operational foundation on which A1 Bank can continue to deliver on its clients’ financial objectives”. The online bank’s implementation of the platform was carried out by Avaloq’s partner of two decades, Synpulse, which claims A1 Bank to be its “fastest ever implementation”. Source: https://lnkd.in/dwqt8pyR #bank #banking #banks #bankingtech #bankingindustry #financialtechnology #futureofbanking #financialservices

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Are you attending #EBAday this year? Join us in session room 5A for an exclusive update on our ongoing activities. We've got two formats: ✅ If you want to know what we and our user community are up to, visit one of our side sessions. EBA CLEARING and the Euro Banking Association (EBA) provide updates on the deliverables they are taking forward with their member/user community. In each session, we have bank representatives who explain why they support these activities: Sergio A. Dalla Riva and Christof Hofmann will discuss the value of collaborative deliverables, such as FPAD and the EBA Fraud Taxonomy, for the fight against fraud. Jan Paul Van Pul and Frantz Teissèdre will zoom in on first findings from the EBA's cross-border payments survey and their take on RT1's OCT Inst Service and the IXB initiative. Michele Olin and Niklas Lemberg will talk about instant payments and how EBA and EBA CLEARING can help with the challenges and opportunities around the Instant Payments Regulation. Simone Loefgen, Lirka Bibezic and Carmen Almazán Aguilar will share their lessons learnt from the R2P proof of concept and discuss next steps. ✅ If you want to know how to benefit from our RT1 and EURO1 Systems, visit our operational sessions. We are going to explain the nuts and bolts of the two systems: what are the key features, what are the benefits and how can you optimise your set-up. We hope to see you there! #fraudfighting #crossborderpayments #instantpayments #requesttopay

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The Rhein-Main-Verkehrsbund Incident and SEPA Direct Debit 📖 An example of recent fraud was the Rhein-Main-Verkehrsbund incident, demonstrating how payment options like SEPA Direct Debit are not as safe as is often assumed. While customers purchased their Deutschland Tickets via the "RMVgo" app, there was an abuse of the integrity of IBAN numbers in which fraudsters input forged or stolen IBAN numbers to receive tickets immediately, leading to a drastic increase in payment defaults, a seven figure loss and negative publicity for the transport association. On top of resulting in immense administrative burdens and back-office costs for payees, even with the use of SEPA direct debit, this incident shows the risk of fraud is increased with inadequate security precautions. Consumers, on the other hand, require assurance that they can trust the systems in place to store their valuable financial information. Use of end-customer targeted robust digital solutions can come to the rescue, and reignite this loss of trust and integrity in large-scale organizations, such as RMV. Companies can therefore, in principle, still continue to use the necessary SEPA Direct Debit Scheme, but should invest in robust digital solutions offered by open banking experts to secure themselves, prevent fraud and retain their consumers' trust fully.  Want to find out more about this incident? Have a read of this insightful article: https://lnkd.in/gAWBGymY #Finance #SEPADirectDebit #CaseStudy

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Banks and financial institutions, are you prepared for the November 2025 ISO 20022 deadline? Our latest article provides a strategic guide to help you navigate this major transformation with confidence. Discover why Quality Engineering is essential for ensuring a successful and smooth migration. 👉 Read the full article here: https://lnkd.in/eeYFsdH6 Join the conversation and get ready to transform your payment systems! #ISO20022 #QualityEngineering #CrossBorderPayments #Payments #DigitalTransformation #LikeNoOther

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In the age of data-driven decisions, Monty Mobile’s Credit Scoring solution redefines how operators engage with subscribers. Discover how AI-driven insights unlock new revenue streams while fostering financial literacy and trust. Explore the future of digital banking with us. #MontyMobile #DigitalTransformation

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What is Open Banking doing to address security issues in the payments industry? Watch this 90-second video where Adrian Smith provides insights into some of the security issues with existing payment methods – issues you might not even be aware of! - and how Open Banking addresses these issues.

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At the time when environmental and social considerations are becoming increasingly intertwined with financial decisions, the banking sector is undergoing a great transformation. On this path of progress, Hipotekarna Banka stands as one of the champions of sustainable finance, pioneering initiatives and a strong commitment to responsible banking practices. This bank has joined the ESG Adria Summit as our silver sponsor! Hipotekarna Banka is intensively working on integrating complex ESG principles into its investment and lending practices by implementing a comprehensive ESG risk management framework. This framework includes evaluating environmental, social, and governance factors when assessing investment opportunities and loan applications. Learn more about their successful initiatives from this domain: https://lnkd.in/eVVKvFCd

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“It’s ripe for disruption, and it is being slowly but surely disrupted.” In an in-depth interview with City AM, our Founder and CEO Tom Greenwood explains how card infrastructure is being challenged by open banking👇 https://lnkd.in/ekJiCxhZ #voltology #payments #openbanking

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Everybody wins! 🏆 For your cardholders, instant issuance goes beyond convenience to offer the security and flexibility they need. For your bank or credit union, you can say goodbye to recurring expenses like packaging, mailing, and postage associated with central issuance. There are many reasons why nearly two-thirds of the top 50 U.S. banks and credit unions offer instant issuance. Find out more in our blog: https://hubs.la/Q02Chcyn0

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Deutsche Bank Partners with Bitpanda for Seamless Crypto Transactions: Deutsche Bank has partnered with Bitpanda to streamline customer deposits and withdrawals on the Austrian crypto exchange platform. Historically, crypto exchanges have faced challenges securing reliable banking partners, especially after the collapse of several crypto-focused banks. This partnership marks a significant shift in the financial landscape, signaling growing acceptance and integration of crypto into mainstream finance. What This Means: Local Bank Account Numbers: Bitpanda users in Germany will now receive local bank account numbers through Deutsche Bank. Smooth Transactions: Seamless deposits and withdrawals of traditional currencies via Germany’s largest bank. Broader Reach: Deutsche Bank already supports Bitpanda in Austria and Spain, facilitating multi-currency transactions. Bitpanda, founded in 2014, boasts over 4 million users and offers a diverse portfolio including stocks, cryptocurrencies, and precious metals. Despite crypto’s mainstream rise, regulatory concerns about market volatility persist. However, this collaboration shows a commitment to building a secure and innovative financial ecosystem. Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpanda, emphasized: “Bringing the best parts of the industry together is where we can create real value for people. Deutsche Bank’s commitment to working with new and innovative players in the financial industry continues to make our partnership possible.” Kilian Thalhammer, Deutsche Bank’s Global Head of Merchant Solutions, added: “We are always looking to partner with companies who share our commitment to user safety and security. With Bitpanda, a recognized and regulated fintech provider, we are confident to help build a secure and trusted environment for users in this innovative field of virtual asset investing.” The Bigger Picture: German banks are increasingly embracing crypto as traditional finance converges with the digital asset ecosystem. Recently, Landesbank Baden-Württemberg (LBBW) teamed up with Bitpanda for crypto custody services, and Deutsche Bank partnered with Swiss crypto infrastructure company Taurus SA for similar services. This partnership is a monumental step in bridging traditional finance and the dynamic world of digital assets. Stay tuned for more updates as we continue to shape the future of finance! 

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🤖 What challenges are faced when deploying GenAI in a financial environment? Solaris’ Carina Grühser sat down with Tech.eu to discuss why the lack of GenAI battle-tested scenarios is thwarting its use in financial products. “When it comes to GenAI applications, because the technology is in its infancy, there are much less proven use cases and proof points when working within regulated financial environments. This means that every potential opportunity must be analyzed in-depth from scratch [… so] while we see lots of great potential in using AI and machine learning in certain scenarios, such as risk assessment, fraud detection, personalised services and automated customer services, the wider deployment of Gen AI is still in the exploratory phase.” 📰 Read the full article in Tech.eu to find out what else Carina Grühser had to say: https://lnkd.in/ef25B32C #AI #GenAI #embeddedfinance #financialservices #technololgy #exploratoryphase 

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How can #ISO20022 help you supercharge your payments business? That’s the question we asked leading members of the Swift community. In our new ebook, gain insights on the strategic opportunities ISO 20022 is already giving early adopters of the new standard. Whether it’s streamlining financial crime compliance or enhancing your customer experience, learn more about how ISO 20022 can help you run and grow your business. Explore the use cases and download your copy today: 👉 https://lnkd.in/eHBS6AHC #payments #financialservices #ebook #swift

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A year on from moving to the #ISO20022 standard for all cross-border payments, how does the space need to develop to promote harmonisation? Read this article by Asset Servicing Times. In the article - Roland Brandli, Business Strategy Director at SmartStream addresses the challenges of cross-border payments, emphasizing that the main issue lies not in the 97% of payments that are processed successfully, but in the 3% that encounter problems. He identifies manually written 'free format' messages as a significant cause of these exceptions, noting that such issues account for a high % of problematic transactions across various regions—from 53% in the Middle East to 92% in North America. This results in considerable manual labour, making the process expensive and time-consuming. #crossborderpayment #paymentexception

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Discover the latest trends and insights in payments at the Paytech Forum Munich, hosted by Giesecke+Devrient, The Payments Association EU, and Banking Circle on 18 April. 📅 Join the event to discuss: ❤ Fostering social responsibility in payments 👾 Leveraging AI to support combating fraud and money laundering 🚀 Go Phygital - orchestrating coherent customer journeys Mark the date 📅18 April 📍Munich 🔗Register here: https://lnkd.in/dQ2yAmyf. #phygital #socialresponsibility #payments #fintechs #ai #customerjourney

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