Business · Companies · 1 day ago
CSE plans €110 million for innovation as banks prepare for digital euro
CSE is a consortium that provides services to banks and other financial firms, and its shares are owned entirely by banks.
Its chief executive, Vittorio Lombardi, says the consortium plans to spend €110 million on innovation from 2025 to 2027.
CSE says it handles 30 million transactions a day for 12 million customers and serves more than 200 clients.
Lombardi says the financial sector must strengthen cybersecurity and the resilience of its systems as digital services expand.
He says the expected digital euro could reduce dependence on a small number of multinational payment companies, but would also bring new security and cost challenges.
CSE is due to discuss changes in the financial sector at a conference in Naples on October 16 and 17.
CSE chief executive Vittorio Lombardi said the consortium plans to invest €110 million in innovation under its 2025–2027 strategic plan.
CSE processes 30 million transactions a day for 12 million customers and provides services to more than 200 clients, Lombardi said.
The consortium says it is investing in digital transformation, cybersecurity, system resilience and anti-money-laundering measures.
Lombardi said the planned digital euro could reduce reliance on a small number of multinational payment providers, while raising security and cost challenges.
CSE is preparing to discuss changes in the financial sector at a conference in Naples on 16 and 17 October.
- Who
- CSE and its chief executive, Vittorio Lombardi
- What
- CSE's investment plans and the challenges facing financial services
- When
- The 2025–2027 strategic plan; conference on 16–17 October
- Where
- Naples, Italy
- Why
- To respond to continuing change in financial services, including digital transformation, cybersecurity demands and the planned digital euro
This story does not have two clearly opposing sides.
Nel nostro piano strategico 2025-2027 abbiamo 110 milioni di euro solo sull'innovazione
utile per ridurre la dipendenza dai pochi player multinazionali sui pagamenti
CSE's strategic plan allocates €110 million to innovation, according to Lombardi.
A conference on changes in the financial sector is scheduled to take place in Naples.
- Innovation investment
- €110 million in CSE's 2025–2027 strategic plan
- Daily transactions
- 30 million
- Customers
- 12 million
- Clients served
- More than 200, including banks, investment firms, payment institutions and asset managers
- Online-channel users
- 5 million
- Conference
- Naples, 16–17 October
Sources
Related news
Goldman Sachs warns Italy’s debt could rise through 2028
Tata Motors raises Iveco offer to €14.40 per share
Thieves steal 30,000 bottles worth €5 million from Antinori winery
Study examines whether buying back university years can bring earlier retirement
Italy’s industrial production fell 1.3% in August
Eni cuts recommended diesel price to €2.19 per litre
Stellantis unveils six concept cars in Paris as it plans new models through 2030
MPS calls emergency board meeting after Intesa bid changes
Monte dei Paschi to discuss M&A at Monday board meeting
Poste launches a new savings bond for minors with a 5% gross annual rate
Villa Franciacorta targets Asian and Mexican markets after heat-hit harvest
