European Merchant Bank Chairman Ekmel Cilingir outlines strategies for navigating regulatory changes, technological disruptions, and financial innovation as the banking sector prepares for the challenges and opportunities of 2025.
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European Merchant Bank UAB (EMBank) has released a forward-looking framework for resilience in the banking sector as the industry approaches 2025. Ekmel Cilingir, Chairman of EMBank, shared insights into the critical steps banks must take to strengthen operations, adapt to regulatory demands, and embrace innovation.
The key focus areas highlighted include enhancing risk models, strategically managing liquidity and capital, and reforming IT infrastructure in line with the upcoming Digital Operational Resilience Act (DORA), which takes effect on January 17, 2025.
“Resilience is about embracing transformation. Regulatory shifts like DORA present opportunities to streamline operations and enhance efficiency while ensuring robust compliance.” said Ekmel Cilingir. “By proactively addressing challenges, banks can secure their positions as trusted partners for customers navigating financial uncertainties.”
Key Recommendations for 2025 Banking Resilience:
- Risk Models: Adopt multi-scenario, real-time approaches for effective risk assessment.
- DORA Readiness: Build comprehensive ICT risk management systems and improve third-party oversight.
- Liquidity Management: Adapt treasury operations to meet stricter European Union regulations on instant payments.
- Technology Reform: Embrace AI and fintech collaborations to drive innovation and customer service.
European Merchant Bank remains committed to fostering financial resilience and innovation. By focusing on operational excellence, strategic partnerships, and customer-centric solutions, the bank aims to help the industry navigate 2025’s challenges with confidence.
About European Merchant Bank
European Merchant Bank UAB (EMBank), based in Vilnius, Lithuania, is a leading licensed bank driving digital transformation in financial services. Founded by Dr. Ozan Ozerk, EMBank is recognized for its regulatory compliance, innovative solutions, and dedication to modern banking.
For a detailed exploration of these insights, they can read Ekmel Cilingir's full article on Banking Resilience in 2025 and Beyond.
Contact Info:
Name: Dilek Isik
Email: Send Email
Organization: European Merchant Bank (EMBank)
Website: https://em.bank
Release ID: 89147964
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