Sigma Software Joins Euro Banking Association

By joining the Euro Banking Association, Sigma Software seeks to actively contribute to shaping the future of European payments and banking. Our goal is to collaborate with leading institutions, share expertise in technology-driven transformation, and participate in initiatives that promote secure, efficient, and innovative banking solutions. This membership reflects our dedication to building strong partnerships and driving progress in areas such as open banking, digital payments, and compliance frameworks.

What is Euro Banking Association?

The Euro Banking Association is a respected industry body that brings together leading banks and service providers across Europe to shape the future of payments and financial services, including Deutsche Bank (Germany), National Westminster Bank (UK), Raiffeisen Bank International (Austria), SECB Swiss Euro Clearing Bank GmbH (Germany), Wells Fargo Bank (UK). The Association plays a key role in developing best practices, regulatory frameworks, and initiatives such as SEPA (Single Euro Payments Area), ensuring secure and efficient interbank processes.

Why This Matters

Technology is no longer just an enabler in the Banking and Finance sector—it is a strategic differentiator. Organizations that embrace innovation gain a clear competitive edge, delivering faster, smarter, and more secure financial services.

As an IT service provider with deep FSI expertise, Sigma Software transforms technology into tangible business outcomes. We help our clients turn ambition into measurable success by building solutions that combine agility, compliance, and scalability.

Joining the Euro Banking Association amplifies this mission. It gives us a seat at the table where the future of European payments and financial services is being shaped. Through this membership, we will:

• Influence industry standards by contributing to the Association initiatives on payment modernization, payment innovations, compliance, and emerging technologies.
• Collaborate with leading financial institutions to co-create innovative solutions that address emerging challenges in digital finance.
• Strengthen our role as a trusted technology partner, delivering transformation programs that help clients stay ahead in a rapidly evolving market.

Our Strategic Vision

Membership in Euro Banking Association aligns with Sigma Software’s strategy to expand its footprint in the financial services vertical. As an Associate Member, we aim to leverage our expertise in banking and payments solutions, data analytics, and secure digital platforms to support banks and financial institutions in implementing complex technology projects. Our goal is to bridge the gap between strategy and technology implementation, helping clients accelerate innovation while maintaining compliance and operational resilience.

What Value Sigma Software Brings to the Table:

• Partnerships that accelerate open banking adoption

Sigma Software is an active partner in the Open Banking Exchange initiative, supporting efforts to accelerate open banking through knowledge sharing, standards alignment, and market enablement. This partnership positions Sigma Software to contribute practical, market-proven approaches to open banking rollouts and cross-border data-sharing frameworks.

• Proven digital banking and fintech expertise

Sigma Software leverages its digital banking and fintech expertise and partner products to modernize ecosystems, deliver API orchestration, omnichannel communication, and guide end-to-end digital transformation. Within our Web3 & Next-gen solutions competence, we not only hold fast to trends but help clients choose and implement relevant technology based on their business case, needs, and growth plans to bring maximum value.

• Innovation at scale and practical roadmaps for financial institutions

Our approach to innovation focuses on realistic, data-driven roadmaps that tackle fragmentation, data silos, regulatory constraints, and legacy modernization. We emphasize data governance, cloud-native orchestration for real-time payments, AI/ML adoption constrained by solid data engineering, and robust compliance practices to reduce operational risk and regulatory exposure.

• Market convening and thought leadership

Sigma Software has a track record of convening industry stakeholders to foster collaboration and cross-border fintech partnerships. In 2021, we organized the first UK–Ukraine Fintech Summit in partnership with TheCityUK, the London Stock Exchange, the National Bank of Ukraine, and other leading institutions, demonstrating our ability to build networks that drive market adoption and policy dialogue.

• Operational readiness for regulatory shifts

We help clients align infrastructure and processes with evolving regulatory requirements such as instant payments reforms, DORA, NIS 2, PSD3, and other regional directives. Our services include compliance audits, secure architecture design, and implementation of detection and monitoring controls to meet regulators’ expectations and avoid potential fines.

Financial Services Expertise at Sigma Software

At Sigma Software, we combine deep domain knowledge with advanced engineering capabilities to deliver transformative solutions for the financial sector. Our BFSI Centre of Excellence, that includes 200+ FinTech experts, serves over 400 clients worldwide, helping them move from vision to working technology, navigate complex challenges, and seize new opportunities in digital finance.

From modernizing debt collection systems to building fully functional neo banks and developing Web3-powered tools, we cover the entire spectrum of financial technology innovation. Our approach is reinforced by a robust ecosystem of 20+ partner products, which streamlines development, accelerates time-to-market, and ensures predictable, high-quality results.

“Becoming an Associate Member of the Euro Banking Association is a natural step in our mission to empower financial institutions with cutting-edge technology solutions. At our BFSI Centre of Excellence, we combine deep domain expertise with advanced capabilities in data and AI to deliver transformation programs that help clients achieve their strategic objectives effectively,” says Genady Chybranov, Competence Leader, BFSI.

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