USECASE ISSUING: Banken mit Zahlungsverkehr
Financial institutions act as intermediaries between the European Central Bank and the consumer and therefore would need to adjust their services and business models to incorporate the Digital Euro. As they play a major role as intermediaries they are mandatory to offer a range of services in regards to the digital Euro:
– End user on/offboarding
(Including KYC, online/ offline authentication check, etc.)
– End user service
(Linkage of account, account switching, Threshold value management, etc.)
– Payment initiation and validation
(Transfer of credit instructions, processing of payment, transfer of settlement instructions, etc.)
– Post-settlement service
(Including Local fraud and sanctions checks, storage of centralized fraud risk)
Strategien bei der Umsetzung:
Depending on the scope and performance of the financial institutions, there are different approaches to the digital euro.
Large Banks Utilizing the Digital Euro as a USP:
Leveraging the digital euro as a unique selling proposition to differentiate themselves in the market through innovative payment solutions.
Large and Mid-Sized Banks Treating the Digital Euro as a Necessity:
Viewing the digital euro as a compliance and operational requirement, focusing on seamless integration into existing systems to meet regulatory demands.
Banks Relying on Business Process Outsourcing:
Outsourcing digital euro capabilities due to limited internal resources while ensuring compliance with regulatory obligations.
What regulatory requirements must be met to offer the digital euro?
What technical adjustments are necessary to integrate the digital euro into existing systems?
And how can they be implemented?
How can security and data protection related to the digital euro be guaranteed?
What regulatory requirements must be met to offer the digital euro?
What technical adjustments are necessary to integrate the digital euro into existing systems?
And how can they be implemented?
How can security and data protection related to the digital euro be guaranteed?
