Digital Finance and Innovation

WSBI
- WSBI
  The World Savings and Retail Banking Institute
  Brings together savings and retail banks and representing savings & retails banks worldwide. WSBI is committed to financial inclusion. Scale2Save, our international programme which is all about building resilience of vulnerable people: provided more than 7 million women, youth and farmers worldwide with inclusive financial and nonfinancial services since 2008.
  
  ABOUT WSBI
  
  MEMBERS
  
  MEMBER BENEFITS
  
  STATUTORY BODIES
  
  OUR TEAM
  
  CAREERS
  
  Scale2Save
ESBG
- ESBG
  The European Savings and Retail Banking Group
  ESBG is an association that represents the locally focused European banking sector, helping savings and retail banks in European countries strengthen their unique approach that focuses on providing service to local communities and boosting SMEs.
  
  ABOUT ESBG
  
  MEMBERS
  
  MEMBER BENEFITS
  
  STATUTORY BODIES
  
  OUR TEAM
  
  CAREERS
  
  SPOTLIGHT
Positions
- Focus Tabs
  Focus areas
  Positions shared by WSBI-ESBG with the policymaking community at both EU and international levels . We cover a multitude of topics with those in current focus listed opposite.
  
  SUSTAINABLE FINANCE
  CONSUMER FINANCE AND PROTECTION
  ANTI MONEY LAUNDERING
  PRUDENTIAL, SUPERVISION AND RESOLUTION
  CAPITAL MARKETS REGULATION
  EUROPEAN SOCIAL DIALOGUE
  AUDITING, ACCOUNTING AND REPORTING
  DIGITAL FINANCE AND INNOVATION
  PAYMENTS
  
  Sustainable Finance
  
  How green are the finances ?
  ESBG members are committed to further unleash the promise of sustainable, responsible 21st century banking
  
  Consumer Finance
  
  Consumer finance has become one of the most important areas of banking
  
  Anti Money Laundering
  
  Preventing money laundering and terrorist financing
  
  Prudential, Supervision and Resolution
  
  WSBI-ESBG is a propoponent of the proportionality principle, an instrument that aims to achieve the right balance between the objectives pursued by legislation and the methods used to achieve them
  
  Capital Markets Regulation
  
  Providing simple and shorter information to consumers to trigger well-informed decisions
  
  European Social Dialogue
  
  ESBG is a Social Partner on the employers’ side, together with EBF and EACB in the European Sectoral Social Dialogue in the Banking Sector. The ESBG Human Resources Network is consulted on an ongoing basis in this framework
  
  Auditing, Accounting and Reporting
  
  ESBG members support the aim to curb short-term speculation and to encourage the prohibition of undesirable market behaviour
  
  Digital Finance and Innovation
  
  New technologies are transforming financial services and the way they are accessed by consumers; this digital transformation is shaping the future of banking.
  
  Payments
  
  Payments: steady, safe, sovereign
Newsroom
- News Scroller
  News
  Latest news from The World Savings and Retail Banking Institute and The European Savings and Retail Banking Group
  
  European Banking Authority (EBA) on ESG risk management
  The European Savings and Retail Banking Group (ESBG) submitted its response to the consultation…
  Read More
  
  Throw back Thursday:⏪Rewinding to ESBG’s Retail Banking Conference 2023!
  Read More
Events
Publications
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MEMBERS AREA
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SDG IMPACT

WSBI ESBG

Digital Finance and Innovation

Transforming financial services

Transforming financial services and the way they are accessed

New technologies are transforming financial services and the way they are accessed by consumers; this digital transformation is shaping the future of banking. ESBG believes that it is difficult to encourage innovation through regulation and that digitalisation efforts need to be market-driven, where the right conditions are set to ensure that European companies can become global champions, meeting the highest requirements for consumer protection and financial stability.

Digital banking: unleash further innovation

ESBG fully supports regulatory initiatives aimed at fostering the uptake of nascent technologies and business models in Europe.

Our latest content on Digital Finance and Innovation

03/01/2023

WSBI-ESGB members call for aligned approach between regulatory bodies on Cyber incident reporting

On 17 October 2022, the Financial Stability Board (FSB) published a consultative document

02/12/2022

Call for clarification on the Artificial Intelligence Liability Directive

The European Savings and Retail Banking Group (ESBG) response to the EU Commission's call for feedback on the proposed Artificial Intelligence Liability Directive.

25/11/2022

Call for clear scope of applicability of the Cyber Resilience Act

The European Savings and Retail Banking Group (ESBG) submitted its input to the European Commission’s call for feedback on the proposed Cyber Resilience Act, which was published in September. All…

06/10/2022

ESBG keeps a close eye on prudential treatment of crypto assets

On 30 September 2022, ESBG responded to the second public consultation of the Basel Committee on Banking Supervision (BCBS) on...

17/06/2022

Digital euro: ESBG’s response to the European Commission targeted consultation

The European Savings and Retail Banking Group stated the need to further assess exactly what gaps in the payments system could be filled by the introduction of a digital euro, and to analyse how the…

18/05/2022

ESBG welcomes horizontal cybersecurity requirements for digital products

The European Savings and Retail Banking Group (ESBG) responded with a position to the European Commission consultation on the Cyber Resilience Act

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The World Savings and Retail Banking Institute

The European Savings and Retail Banking Group

Focus areas

Sustainable Finance

Consumer Finance

Anti Money Laundering

Prudential, Supervision and Resolution

Capital Markets Regulation

European Social Dialogue

Auditing, Accounting and Reporting

Digital Finance and Innovation

Payments

News

The World Savings and Retail Banking Institute

The European Savings and Retail Banking Group

Focus areas

Sustainable Finance

Consumer Finance

Anti Money Laundering

Prudential, Supervision and Resolution

Capital Markets Regulation

European Social Dialogue

Auditing, Accounting and Reporting

Digital Finance and Innovation

Payments

News

Digital Finance and Innovation

Transforming financial services

Transforming financial services and the way they are accessed

Digital banking: unleash further innovation​

Our latest content on Digital Finance and Innovation

Get in touch

WSBI

ESBG

Together

Members Area

Strengthen the means of implementation and revitalize global partnerships for sustainable development

In October 2023, WSBI-ESBG formed a strategic alliance with the

housed by the World Bank, further bolstering our commitment to inclusivity and diversity.

WSBI’s Development Finance Unit Scale2Save

works with development finance institutions to access international financing flows and with grant giving institutions to catalyse grant financing that supports the development of gender and climate smart solutions for greater impact at members.

Take urgent action to combat climate change and its impacts

WSBI-ESBG members contributed to combat climate changes:

US$ 51 billion

of green bonds were issued.

US$ 31 million

was invested in philanthropic support for the environment including biodiversity protection, eco-friendly mobility solutions, and green campaigns.

A variety of climate insurances and loans for renewable energy

are offered to their customers.

Reduce inequality within and among countries

WSBI-ESBG members contributed to reducing inequalities by serving youth and rural population:

36 %

of their customers on average are 18 to 34 years old

66 %

of their customers on average, are residing in rural areas.

Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

WSBI-ESBG members contributed to enhance the access of their customers to financial services:

88 %

of their network contact points are comprised of mobile banking and financial services agents and Point of Sales (POS) reaching last mile customers

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

WSBI-ESBG members contributed to the development of the local economy:

1,4 billion

customers are represented by the global WSBI-ESBG network.

US$ 13,5 trillion

in assets are valued by the members.

94 %

of the members’ corporate portfolio is comprised of micro-, small- and medium-sized enterprises (MSMEs)

Achieve gender equality and empower all women and girls

WSBI-ESBG members contributed to achieve gender equality in the workplace and in their customers portfolio:

53 %

of their staff on average, are women in a non-management and/or front-line level role.

46 %

of members’ management level staff on average, in the African and Latin American region are women.

53 %

of the member banks’ total customer base, excluding the Asian region are women

Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

WSBI-ESBG members contributed actively to quality education of their customers:

US$ 333 million

was invested in philanthropic support for the education sector including skillset-building, financial education, school visits and stationery.

US$ 4 billion

Digital banking: unleash further innovation