The Banking Summit organized by Oxygen Events provided the opportunity to speak about regulations and to emphasize one of the hottest subjects: the EU Regulation No.260/2012, which applies to corporate customers.
Allevo CEO, Sorina Bera, outlined that as of October 31st 2016, new standards for processing payments requests come into play: the updated ISO20022 pain.001 message types should be used by corporate customers when requesting initiation of payments to their banks. She pointed out that banks and corporates should collaborate, to make sure compliance is achieved in good time.
Other topics were also brought into discussion by the speakers, from an economic perspective: lending vs. saving, regulations for the banking system, digital banking and cybersecurity.