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In a career spanning over 25 years, Liliana Fratini Passi has a deep strategic vision for the digitalization sector of domestic and international financial services.
she is currently CBI A company comprised of around 400 payment service providers Scoops the Managing Director of the Year Banking gong Le Fonty Award, Both in 2021 and 2022.
Fratini Passi is UN/CEFACT (United Nations Center for Trade Facilitation and Electronic Business) and the Italian national team ISO Technical Committee 68 Financial Services When ISO20022 RMG.
Leveraging our deep knowledge of payment systems, fintech, open innovation and the transactional banking sector, we are managing the significant digital transformation of Italy’s financial system through the creation of interoperable digital infrastructure and services. Fratini Passi outlines the expected changes in the future.
The financial services industry has witnessed major technology-driven changes over the past few years. We are experiencing a ‘revolution’ under the influence of new paradigms based on ‘open’ models such as open banking, open finance and open data based on API technology.
Furthermore, Covid-19 could be seen as a catalyst for this major change, especially in Europe, prompting financial institutions to not only increase investment in innovative technologies and digital payments, but also strengthen security and transparency. We are developing legal regulations to
Banking as a Platform and Banking as a Service represent two functions that are increasingly sought after in the distribution of financial products due to social change and new digital consciousness.
Customers now expect finance to be built in when they need it, leading to a move from open banking to open finance. This will enable market players active in the financial sector to share financial data, enabling greater access to financial services and supporting development. We contribute to building a more competitive and open ecosystem by providing innovative products and responding to new customer demands.
In this scenario, the experience of the Italian financial industry suggests that a collaborative ecosystem such as the CBI is the most efficient and effective tool for achieving both compliance and continuous innovation through joint action. has been proven.
A company boasting more than 400 banks and financial intermediaries as members and customers, CBI serves financial institutions and European payment service providers to respond more quickly and effectively to market challenges in the digital payments environment. It can be identified as an industry utility that
Developing collaboration infrastructure, digital services with a business-to-business (B2B2C) perspective, functioning as a fintech with a 30-year history, enabling customers to provide innovative services to their clients (enterprise, retail, government) I will support you. Payment and Information Services.
CBI’s greatest achievement lies not only in the development of innovative platforms and services, but also in its ability to leverage the advantages of the so-called “network economy” to bring together various actors in the financial ecosystem.
Emerging new technologies are paving the way for disruptive innovation in the payments space. Therefore, CBI believes that a flexible, modern and defined approach is required to meet market demands. In this scenario, CBI supported PSPs to meet all PSD2 requirements and created a regtech platform called CBI Globe.
Additionally, two years ago, the CBI launched an active function. This allows PSP to reach the entire Italian banking market and major international API platforms using a single access point, playing an active role as a third party he provider.
Additionally, CBI is committed to investing in integrated and sustainable innovation and digital skills, which will contribute to a range of new VAS.
Open finance is a recent phenomenon in many countries, but some players are looking to move their services beyond open banking towards an open finance ecosystem.
Acting as an API marketplace and acting as an industry transformation facilitator to support a more effective financial ecosystem, the CBI will forge new partnerships in the field of open finance and continue to explore new collaborations for sustainable impact. .
