The Instant Payments Regulation (IPR) marks a pivotal shift for the European payments landscape, demanding both speed and precision in implementation. In this context, we set out to better understand how Belgian banks are preparing for the regulation and how they perceive the opportunities it presents.
To do so, we conducted a benchmark survey, convened a panel discussion with key stakeholders from the industry, and facilitated a roundtable dialogue to capture both quantitative data and qualitative insights.
This paper has three main objectives:
- To share the benchmark results and reflect on the current maturity of the Belgian banking sector in responding
to the IPR – looking beyond compliance alone.
- To explore the key challenges and opportunities arising across three core dimensions: initiating and receiving
instant payments, sanction screening, and verification of payee.
- To offer our perspective on what the path to compliance looks like – and more importantly, how banks can translate compliance into long-term value.