SEPA & PSD

Ineum Consulting

Payments - Payment Service Directive The Directive on Payment Services (PSD) provides the legal foundation for the creation of an EU-wide single market for payments. The PSD aims at establishing a modern and comprehensive set of rules applicable to all payment services in the European Union (EU) and the European Economic Area (EEA) for all EU/EEA currencies. The target is to make cross-border payments as easy, efficient and secure as "national" payments within a Member State. The PSD also seeks to improve competition by opening up payment markets to new entrants, thus fostering greater efficiency and cost-reduction. At the same time the Directive provides the necessary legal platform for the Single Euro Payments Area (SEPA). This presentation will deliver a deep insight in driving benefits from the PSD and SEPA and how the PSD will be transposed into the local legislation

Speaker : Jean Diederich is a Senior Manager and the Practice Leader of the "Paymernts" consulting offer at INEUM Consulting in Luxembourg. He has a deep knowledge of payments and SWIFT solutions, he is involved in major Compliance/Anti Money Laundering (AML) projects and is active in ABBL's Payments, Information Systems & Standardisation Committee (CMPSIS). Jean has recently published an article on "La PSD, une directive beaucoup plus large que SEPA !" in Agefi Luxembourg and is activly involved in SEPA and PSD client projects. He defined a standard methodology that helps his clients to define rapidly "gaps" linked to the transposal of the PSD into the local legislation and helps to define solutions before the deadline of November 1st 2009.

Skillteam

Payments - Exceptions & Investigations Figures from the industry indicate that, on average, 2 to 5 percent of daily payments give rise to an exception. Managing all these investigations is a resource-intensive and costly activity for all financial institutions. In addition, bank’s customers are always looking to reduce the turnaround time of their payment enquiries as this will speed up payments reconciliation and allow for better control of payables and receivables. All this, linked to the fact that regulations such as SEPA and FATF7 are forcing banks to become more efficient, makes it vital for the industry to address payments exceptions and investigations in a more structured and automated way. This presentation will inform you about the initiatives from the industry to address the pain points of the payments exceptions and investigations activity in line with SEPA requirements.

Speaker : Yves Quaedpeerds Yves Quaedpeerds is Senior Business Analyst and Consultant in Finance at IBM/Skillteam Luxembourg, where he is responsible of the integration of SWIFT applications and processes for Financial Institutions and Corporations. He has a proven expertise in SWIFT and Clearings, in Cash management and Payments services, and in Compliance and Anti Money-Laundering. He acquired his experience of AML at Norkom Technologies Belgium, between 2005 and 2006. Prior to that, he worked for SWIFT where he was responsible of the implementation of new applications for the Customer Operations Department. His main achievements were the BIC Publication Portal on swift.com and the SWIFTNet Traffic Control. Between 2000 and 2003, he was also responsible for implementing the Global Payment Application of ABN-Amro.

Moderator

Harald Keller is Senior Manager in Banking and Payments Initiatives. He is responsible for the coordination of sales-activities for Cash Management Solutions für the Region Europe, Middle East & Africa (EMEA). For the German Market he is in charge of supporting the Financial Institutions on SEPA. He acquired his expertise as a banker by holding various management-postitions in the areas of Securities & Custody, Treasury Operations and Payments. A strong focus was on the reduction of Operational Risk in the area of FX and Treasury. He represented Commerzbank on the Board of ECHO, Exchange Clearing House and supported G20 / G40 activities which ultimately resulted in CLS going into business. At SWIFT he was engaged in the design of Cash Management-Solutions such as SWIFTNet Cash Reporting and SWIFTNet Exceptionhandling & Investigations.