“Cloud computing is driving both the digital transformation of banks and the EU Digital Single Market. We need to create a safe and clear regulatory environment so that both banks and supervisors can do their job well.”
“Understanding the risks of cloud computing is essential to unlock its potential. European banks use technology widely to maintain resilience, boost innovation and support their clients, especially at times when digital infrastructure is necessary to respond to high usage at all levels…
…The Cloud Banking Forum is a unique example of cross-industry cooperation that reflects the ambitions of the digital strategy of EBF and our wider banking community.”
“ The success of our first Cloud Banking conference and the launch of the EBF Cloud Banking Forum demonstrates that there is a willingness to innovate and a thirst for clear rules in cloud banking.”
“In a future world of minimum retained IT with a high level of agility, variable costing, improved time-to-market and broad usage of AI and other exponential technologies, cloud will play a very important role. But before banks can reap the benefits from a multi-cloud environment, the security, operational, legal and compliance requirements need to be crystal clear, allowing for a cloud approach which is integrated, economically viable and at scale…
…To achieve this, we need to collaborate with cloud service providers and regulators. The Cloud Banking Forum is the platform for these types of discussions, highlighting the importance of cloud computing as the undeniable core technology for banks and supervisors.”
EUROPEAN COMMISSION’S DORA PROPOSAL (2020): EBF POSITION
CLOUD ADOPTION BY EUROPEAN BANKS
EBF CLOUD BANKING FORUM
EBF CLOUD BANKING FORUM: TECHNICAL PAPERS
CLOUD INITIATIVES OF EU INSTITUTIONS
EBF DIGITAL THURSDAYS 2021
Competing in Digital Finance: New rules for a new market
Thursday, 4 November 2021
The second Digital Thursday 2021 focused on the evolving competition landscape in digital financial services and the challenges this poses to the ongoing digital transformation of banking and banks. Access to relevant infrastructure and data, as well as the supervisory framework are key enablers to innovation. The event discussed the importance of ensuring fair competition among participants in the digital market and will offer exchange of views on some of the key policy debates such as the Digital Markets Act, access to and sharing of data, and the role Digital ID can play in this shifting landscape.
EBF DIGITAL THURSDAYS 2020
Evolution in financial services: tomorrow’s technology in today’s framework?
Thursday, 12 November 2020
Financial services experience an unprecedented digital transformation, with the technology-driven evolution of products, services, and available infrastructure. Innovation offers the exponential potential to serve customers and advance business operations. At the same time, European banks approach such innovation with a commitment to existing regulatory responsibilities and a commitment to financial stability in Europe.
The EBF’s Innovation & Cyber Thursday on 12 November 2020 shined the light on the importance of an appropriate framework for banks to grasp the innovative potential offered by technology while abiding by today’s rules. Where both come together, the financial industry requires options to safely advance innovative solutions at scale. Digital operational resilience lies at the heart of these solutions, requiring 360⁰ attention to changing roles of different parties involved in the ICT landscape. The event looked at European advancement of regulation for digital operational resilience, established and aspired partnerships to implement innovative technology and the global perspective for safeguarding innovation in finance.