Unlocking the Future: NextGen Nordics 2025 Agenda on DORA, VoP, CBDC, Instant Payments, Fraud Prevention, and Generative AI

Unlocking the Future: NextGen Nordics 2025 Agenda on DORA, VoP, CBDC, Instant Payments, Fraud Prevention, and Generative AI

Explore the future of payments at NextGen Nordics 2025, a pivotal event focusing on the critical challenges and opportunities in the payments landscape. This conference will address the evolving landscape shaped by regulations and technological advancements, ensuring that financial institutions are equipped for success.

Key Agenda Highlights for NextGen Nordics 2025

This year’s agenda will cover essential topics, including:

  • Fortifying Operational Resilience: Understanding the implications of the Digital Operational Resilience Act (DORA).
  • EU Instant Payment Regulation (IPR): Preparing for compliance and implementation.
  • Verification of Payee (VoP): Reducing payment fraud risks.
  • Benefits of Central Bank Digital Currency (CBDC): Exploring its role in modern finance.
  • Disintermediation of Banking Systems: Assessing the impact on traditional banking.

Thought-Provoking Discussions and Panels

Attendees can look forward to engaging panels and expert-led discussions that will cover:

  • How financial institutions are combating the rising risk of fraud in real-time transactions.
  • The potential of Generative AI (GenAI) in optimizing payment processes.
  • The significance of fintechs within the Nordic payments ecosystem.
  • The ongoing open finance revolution.

For a detailed agenda, click here.

Importance of Key Topics in Payments

DORA is a cornerstone of the NextGen Nordics 2025 agenda, designed to combat escalating cybersecurity threats and operational disruptions. This regulation establishes rigorous standards for financial institutions to maintain robust security and resilience against cybercriminal activities. It will be crucial to learn how organizations have adapted since the January 2025 deadline.

Revolutionizing Financial Services

The rapid digitalization of financial services in the Nordics and beyond mandates a strong framework of resilience. The EU’s Instant Payment Regulation not only facilitates real-time payments but also ensures compliance with the highest security standards, thereby enhancing user experience.

READ ALSO  EU AI Act: New Unacceptable Risk Provisions Now in Effect for AI Regulations

The Role of CBDCs

Central Bank Digital Currencies (CBDCs) could transform domestic and cross-border payments, leading to:

  • Faster transaction speeds.
  • Enhanced security for users.
  • Increased financial inclusion for unbanked communities.

CBDCs are aligned with the open finance revolution, creating unprecedented access to financial services.

Addressing Challenges in Payment Speed

As payment speeds increase, so do challenges related to verification and fraud prevention. Verification of Payee (VoP) is crucial to ensure that payments reach the intended recipients, thereby minimizing fraud risks. At NextGen Nordics, the integration of advanced fraud prevention systems and the use of GenAI for real-time data analysis will be pivotal topics of discussion.

Who Should Attend?

We invite all stakeholders in the payments ecosystem, including:

  • Software, IT Services, and Consultancy Providers: Ideal for those offering technology or consultancy services to banks and financial institutions.
  • Bank Representatives: Complimentary tickets are available for employees of banks and financial institutions, providing a unique networking opportunity.

Join the conversation and register today!

Networking and Sponsorship Opportunities

NextGen Nordics provides unmatched networking opportunities to connect with leading figures in Nordic banking, payments, and fintech. Engage with decision-makers, partners, and potential clients in a collaborative environment.

Maximize Your Brand’s Visibility: Explore sponsorship opportunities to position your brand as an industry leader. Gain premium visibility and connect with a targeted audience to propel your business forward.

For more information on sponsorship opportunities, please contact the events team at [email protected].

Similar Posts

Socure Unveils Game-Changing Manipulation Risk Score to Combat First-Party Fraud

Socure Unveils Game-Changing Manipulation Risk Score to Combat First-Party Fraud

Bysupport

Socure has launched the Identity Manipulation Risk Score to combat the rise of first-party fraud, which cost businesses over $100 million last year. This innovative tool is part of Socure’s Sigma First-Party Fraud solution, utilizing advanced AI for real-time risk monitoring and adaptive machine learning to enhance fraud detection across various sectors, including financial institutions and online merchants. The solution leverages data from a cross-industry consortium to improve accuracy and reduce false positives. Experts emphasize the urgent need for such innovations, as traditional fraud models struggle to address the complexities of first-party fraud.

Massachusetts Investigates Robinhood's Predictions Market Hub: What You Need to Know

Massachusetts Investigates Robinhood’s Predictions Market Hub: What You Need to Know

Bysupport

Massachusetts Secretary of the Commonwealth Bill Galvin has subpoenaed Robinhood for marketing materials and data related to brokerage account users interested in betting on college sports events, particularly during March Madness. Galvin criticized Robinhood’s tactics as gimmicky, emphasizing concerns about their marketing strategies. In response, Robinhood stated that the contracts in question are regulated by the CFTC through registered entities. The company highlighted its role in introducing prediction markets to retail investors while ensuring a safe trading environment. This subpoena adds to Robinhood’s regulatory challenges, following a $7.5 million fine last year for gamification practices.

Qualcomm Boosts AI Innovation with Acquisition of VinAI's Generative AI Division

Qualcomm Boosts AI Innovation with Acquisition of VinAI’s Generative AI Division

Bysupport

Qualcomm has acquired the generative AI division of VinAI, a prominent AI research company based in Hanoi, to strengthen its portfolio in the AI tooling sector. The financial details of the deal remain undisclosed. Founded by ex-DeepMind scientist Hung Bui, VinAI specializes in generative AI technologies, including computer vision algorithms and language models. Qualcomm’s SVP of Engineering, Jilei Hou, emphasized the acquisition’s role in driving AI innovation. VinAI, backed by VinGroup and known for AI-powered automotive products, will enhance Qualcomm’s software and chip solutions. This acquisition is Qualcomm’s second major purchase in 2023, reflecting its commitment to advanced AI development.

European Court of Auditors Raises Red Flags on EU Price Interventions in Card Market

European Court of Auditors Raises Red Flags on EU Price Interventions in Card Market

Bysupport

Between 2017 and 2023, EU digital payments for retail sales more than doubled, surpassing €1 trillion, crucial for the internal market and cross-border transactions. A report from the European Court of Auditors (ECA) acknowledges improvements in safety, speed, and cost of digital payments but raises concerns about price interventions, including interchange fee caps and surcharge bans, lacking clear evaluation criteria. It notes ineffective monitoring systems and data access issues, leaving the impact of policies unclear. The report also critiques the open banking framework and calls for standardized APIs to enhance service quality, emphasizing the need to address these challenges for consumer benefit.

CFPB Targets Digital Payment Privacy: Strengthening Consumer Protections in the Digital Age

CFPB Plans to Abandon BNPL Regulations: What It Means for Consumers and the Future of Buy Now, Pay Later

Bysupport

In October, the Financial Technology Association (FTA) filed a lawsuit against the new Buy Now, Pay Later (BNPL) rule to safeguard consumers and BNPL providers. Recently, both the FTA and the Consumer Financial Protection Bureau (CFPB) sought a stay in the case as the CFPB plans to revoke the rule, which could moot the lawsuit. The proposed rule aimed to impose traditional credit card protections on BNPL products, raising concerns about consumer confusion. FTA CEO Penny Lee criticized the CFPB for exceeding its authority. Additionally, the CFPB has seen operational shifts under acting Director Russell Vought since 2020.