Digital payment security and the alignment of the Republic of Moldova with EU standards in this field is the topic of the conference "Alignment with EU payment security standards in the digital era" organised by the National Bank of Moldova (NBM). The conference will take place on Wednesday, 6 December 2023, starting at 1:30 p.m., at Digital Park, 2nd floor, 15 Mihai Viteazul Street, Chisinau.
The event is organised in the framework of the Twinning project "Strengthening supervision, corporate governance and risk management in the financial sector of the Republic of Moldova" funded by the European Union (EU) and aims to present the main developments in the field of payment systems and requirements in terms of security and continuity of payments, as well as the benefits and progress achieved so far within the Twinning project.
Among the participants at the conference will be high-ranking officials, representatives of the European Union Delegation to the Republic of Moldova and partners of the NBM within the Twinning project, namely the Implementing Consortium consisting of the National Bank of Romania, the Central Bank of the Netherlands, and the Central Bank of Lithuania, in collaboration with the Financial Supervisory Authority of Romania and the National Authority for Consumer Protection of Romania. Representatives of the banking community and payment service providers from the Republic of Moldova (banks and non-banks) will also be present.
The conference is a unique opportunity to explore topics related to payment security, as financial transactions, in particular, payment transactions are an essential component of economic relations. At the same time, the alignment of the Republic of Moldova with EU standards in the field of digital payment security is an important step towards strengthening its position in the European and global financial landscape. This supports the economic integration of the country and contributes to the creation of a secure, innovative, and sustainable financial environment for all stakeholders. Please see the agenda, for more details.
Among the topics that will be addressed during the event are:
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Instant Payments and Open Banking: security risk management
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New ICT requirements aligned with European practices and standards
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Best practices in combating fraud based on social engineering scenarios
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Best practices for online payment security
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Digitisation and competition in the financial sector: support through legal and infrastructure reforms.
The conference aims to inform the society, the payment services market, and other stakeholders about the main developments in the field of ensuring the security of payment transactions, as well as best practices for implementing payment security measures in the digital environment. The official part will be followed by a session of presentations, held by experts in the field, who will share with the participants of the event best practices in terms of payment security in the digital environment.
The conference will be broadcast live on the National Bank of Moldova platforms:
Note:
Twinning is an EU instrument for institutional cooperation between the authorities of EU Member States and the authorities of beneficiary countries. Twinning projects aim to develop the institutional capacities of the beneficiary authorities. Under these projects, EU public sector experts are seconded to assist beneficiary authorities in achieving specific objectives. More information on the Twinning assistance instrument is available on the European Commission's website.
