The number of worldwide non-cash transactions will rise 14% by 2020 to 772.2 billion, according to World Payment Report 2019. They will grow up to 1,045.5 billion in 2022.
Emerging markets led the growth charge.
Emerging Asia (32%) and CEMEA (19%) were highest in the global non-cash transaction volumes.
Debit card transaction volume grew up with 17%, most noticeably among the emerging markets.
- Emerging technologies are creating challenges for established banks (Regulatory push- PSD2, fragmented compliance activity, multiple systems and schemes, data protection regulations)
- Stringent adoption of data protection rules might hamper the progress of Open Banking and stifle overall innovation.
- The number and diversity of organizations gaining ground within the non-cash transaction market have grown significantly in recent years. They now include newcomers such as GAFA (Google, Amazon, Facebook, Apple), BiTechs, FinTechs, and innovative digital payment platforms. 28% защита и управление на данните
- Big Tech firms are leveraging collaboration and partnerships as strategies to expand into geograhies such as Europe and the US.
- Pressure from BigTechs is the third most critical factor driving the banks’ digital transformation initiatives, according to WPR 2019. What is happening on the Bulgarian financial market?
The drivers include the growing adoption of mobile payments, the uptake in contactless technology, and digital innovation from technology players and card giants. Monetizing quick-win solutions and revisiting infrastructure strategies will keep banks viable and focused on the future.
What are the next steps?
Focusing on the user experience without compromising the security
Collaboration between banks and FinTechs. In response to corporate clients' expectations, banks are launching in-house innovation initiatives or collaboration with FinTechs.
Organizing events to raise awareness to end-users, to share knowledge with professionals, to coach managers, demonstrate new solutions and opportunities.
“Market is preparing for a future state that leapfrogs Open Banking and focuses on player partnerships, data sharing, and strengths-based new roles”.
Financial Services Strategic Business Unit CEO&Group Executive Board Member, Capgemini
What is the event about
Affordable and secure digital payments- card, online, mobile payments, better costumer experience
Who is the event for
• FinTech companies that offer new payment-related services;
• Fraud security managers and experts
• Regulatory Authorities/Combating Organized Crime Authorities;
• Data Security Companies;
• Information security managers and professionals;
• Vendors, Consultants, Online merchants;
FinTech companies that offer new payment-related services;
• Companies providing solutions for e-signiture, authentication, fraud analytics, artificial intelligence, applications, and biometrics;
What is our goal
• Better Customer Experience is a priority
• Raising awareness of Mobile payments advantages among Customers and Merchants
• Knowledge-sharing on Complex fraud attacks
• Benefits of adopting Open Banking
• Engaging partnerships between Banks and FinTechs
• Coaching business and technical professionals
• Present working solutions, hands-on the solutions in work shops
Constantin von Altrock, IBM
Director,CTO Safer Payments, Financial Crimes Insights, Data and AI
Topic: “Future Payments Fraud Prevention”
Constantin is for the first time in Bulgaria to attend DIGI PAY 2020. He has implemented payment fraud prevention systems that protect more than 600 million customers around the world. He founded a leading software company in this field that he sold to IBM in 2015. This formed the basis of IBM's Safer Payments offering. He joined IBM as a CTO for the Watson Financial Services Solutions division of IBM.Constantin is an IBM Industry Academy member. From July 2019 is Director, CTO Safer Payments,Data and AI Linkedin
Ian Holmes, SAS
Global Lead for Enterprise Fraud Solutions
Topic: “Combating Fraud in a hyper-connected World/ Best Practice Fraud Detection & Prevention”
an Holmes is a Global Lead for Enterprise Fraud Solutions with the SAS Fraud and Security Intelligence practice. Previously, Ian gained extensive banking industry leading experience through fraud strategy roles, with specific expertise in payments fraud and application fraud. His career developed from the ‘ground up’ to embrace a customer focussed approach alongside analytics and strategy. Ensuring the bank was best placed to prevent fraud attack Ian gained deep expertise of industry decisioning systems. Ultimately, Ian became Head of Fraud in a UK division of HSBC and was recognised globally by his contemporaries. Joining SAS in 2011, Ian’s global role is to provide fraud expertise to drive the product enhancement; pre-sales and business implementation of the banking fraud solution globally. Ian’s team are SME’s and solution experts whom support new and current customers to maximise fraud performance as well as presenting business case capability to potential clients. Ian’s fraud expertise is pivotal in retaining SAS’ recognition and reputation in the industry by customers and analysts; supporting marketing initiatives and strategic collaboration with key third party vendors. .
Director Consulting Deloitte
Topic: “Future Payments Fraud Prevention”
Dimitar joined Deloitte Consulting in 2017 and is based in Sofia. He leads the Management Consulting practice in Bulgaria and is also part of the Deloitte Global Treasury Advisory practice, leading the efforts in Central and Eastern Europe. Dimitar’s background includes both management consulting and industry experience having worked with global organisations on finance and treasury transformation, post merger integration and high level strategic programmes, technology infrastructure procurement and implementation.
Founder and CEO of IBS Bulgaria
has more than 20 years of experience in the field of information and communication technologies and has participated in a number of successfully implemented large-scale IT projects for the business and the public sector. He is a founder and CEO of IBS Bulgaria (www.ibs.bg) one of the leading IT companies in the country with a focus on the finance industry, analytics solutions, and systems integration. Nowadays IBS is involved in key projects for leading banks related to digital transformation, Data & AI, PSD2 regulation, infrastructure modernization, and information assets management. IBS Bulgaria (www.ibs.bg) is an IT Consulting, Systems Integrator and Software Development company founded in Bulgaria. The company is servicing the best businesses and government agencies since 2003. In the finance industry focus areas are Integration and API management, Data and AI, Fintech and Regtech solutions, Counter fraud and Financial crimes.
Cofounder of NOTO
Topic: "Transform your fraud and AML programs with a single solution. How to choose the right vendor?"
Svetlin Dobrev has bachelor degree of Crimes Investigation from Bulgarian Police Academy, master degree of Law and he is currently enrolled in a master's degree in Management of Communication Systems. He has started his career back in 2010 as a police investigator at Bulgarian Cyber Crime Department. Few years later Tulev is the head on a state level of Investigation of Illegal content on internet group at this Department. Active international law enforcement policy maker, Lyubomir Tulev has been the contact point for Facebook, Google, Skype and other major internet-based services for Bulgaria for over 6 years. Tulev continued his career in 2017 as one of the leading cyber security experts at Amatas. He is certified for dozens of international cyber security and information protection certificates. Lyubomir has also defended his qualifications as an instructor to the EC Council, providing regular trainings such as CCISO, CEH, CHFI, ECSA, CEI, CISSP, Mobile Security, Social Engineering Penetration Testing, as well as other custom trainings to cyber professionals in Bulgaria, Europe and around the globe. At Amatas, Tulev is actively engaged in penetration testing and vulnerability assessments, ethical hacking, company security testing, social engineering, phishing simulations and cyber forensics. He has deep knowledge of various cyber protection modules and controls as well as providing specialized cyber and information security related consultations.
General Directorate for Combating Organized Crime (DGCOC), Ministry of Interior
Topic: “Cyber threats- major business risks”
Svetlin Lazarov Chief Inspector Svetlin Lazarov is the Head of Digital Analyzes and Open Sources Sector at the Cyber Crime Department of the General Directorate for Fighting Organised Crime at the Ministry of Interior. Over the years, he has worked on numerous cases of cybercrime, has participated in Europol, Interpol, FBI and Secret Service international investigation teams. He has gone through numerous specializations in the field of cybercrime, cyber evidence and international cooperation. He has been certified by the International Association of Computer Investigators - IACIS, Europol’s European Cybercrime Center (EC3). He was a representative of the Ministry of Interior in the working group on the creation of the Cyber Security Act. He is also a 24/7 contact point on attacks against information systems at the national and European levels.
Country representative of the British fintech company Revolut
Topic: “Revolut & the fintech sector a year later”
Tsvetanov is also a member of SophiaLab, where he is leading the "Mobile Banking" Chapter. Revolut managed to attract over 120 000 retail users locally in less than a year, thus making Bulgaria one of the fastest-growing markets in Europe. Eduard has over 8 years' experience managing international projects and campaigns, and to date has worked in the UK, Belgium, Brazil and Bulgaria.
Director of Digital Banking, First Investment Bank
Topic: “The role of banks for more accessible, secure and innovative payments"
Lachezar Venkov Director of Digital Banking Directorate at Fibank (First Investment Bank AD). Lachezar Venkov graduated from the Technical University, Sofia, and immediately started his career in Fibank. His professional career has been dedicated to the development of digital banking for 11 years now, with a focus on innovations and building customer-oriented products and services. Among his most notable projects are: optimization of Fibank's digital banking platform; development of a mobile application for active banking; the first digital card in Bulgaria based on NFC technology; software token. (
Chairman of ACFE, Bulgaria – Association of Certified Fraud Examiners
Topic: “Online Payment Security - Trends and Forecasts”
Vladimir Ikonomov Chairman of the Management Board of ACFE Bulgaria (www.acfe.bg) Chairman of ACFE, Bulgaria – Association of Certified Fraud Examiners – since 2016. Vladimir Ikonomov has been a long-time employee of First Investment Bank's Internal Audit Directorate – he has progressed through various functional and hierarchical levels. Currently head of the PMO in the same structure. He has over 8 years of experience in investigating, analyzing and preventing internal fraud and over 4 years of experience in the field of information security. He participated in a team and directly led the development of specialized software applications for interception and analysis of unlawful actions – both on part of outsiders (clients, contractors) and insiders (employees). He has degrees in Finance (New Bulgarian University), International Economic Relations (University of National and World Economy) and Information Protection in Computer Systems and Networks (Faculty of Mathematics and Informatics at the Sofia University). Certified Fraud Detection Expert as of 2013.
Chief Cyber Security Operations Lead, Amatas
Topic: "Man-in-the-browser attack “
Lyubomir Tulev has bachelor degree of Crimes Investigation from Bulgarian Police Academy, master degree of Law and he is currently enrolled in a master's degree in Management of Communication Systems. He has started his career back in 2010 as a police investigator at Bulgarian Cyber Crime Department. Few years later Tulev is the head on a state level of Investigation of Illegal content on internet group at this Department. Active international law enforcement policy maker, Lyubomir Tulev has been the contact point for Facebook, Google, Skype and other major internet-based services for Bulgaria for over 6 years. Tulev continued his career in 2017 as one of the leading cyber security experts at Amatas. He is certified for dozens of international cyber security and information protection certificates. Lyubomir has also defended his qualifications as an instructor to the EC Council, providing regular trainings such as CCISO, CEH, CHFI, ECSA, CEI, CISSP, Mobile Security, Social Engineering Penetration Testing, as well as other custom trainings to cyber professionals in Bulgaria, Europe and around the globe. At Amatas, Tulev is actively engaged in penetration testing and vulnerability assessments, ethical hacking, company security testing, social engineering, phishing simulations and cyber forensics. He has deep knowledge of various cyber protection modules and controls as well as providing specialized cyber and information security related consultations.
Senior Risk Systems Business Consultant in IBS Bulgaria
Topic: “End to end solution for preventing fraud in all cashless payment channels”
Vasil Bakalov is Senior Risk Systems Business Consultant in IBS Bulgaria (www.ibs.bg) one of the leading IT companies in the country with a focus on the finance industry, analytics solutions, and systems integration. Nowadays IBS is involved in key projects for leading banks related to digital transformation, Data & AI, PSD2 regulation, infrastructure modernization, and information assets management.
Vasil Bakalov has a master's degree in Business Management. He has more than 10 years of experience in the bank services, digital payments industry and expert knowledge in risk systems and fraud prevention techniques. In the past he has participated in key successful projects in the field of banking and DW. Now he delivers his expertise into the configuration and implementation of the Holistic Fraud Prevention System among fin-tech companies and banking institutions.
Information Security expert, 7Security
Topic: “PCI DSS Certification doesn't Exist"
Kaminsky – PCI QSA, CISSP, CISA, CEH. Kaminski is Information Security expert, auditor, penetration tester, regular lecturer at various conferences in the country and abroad, founder, partner and Head of Operations at 7Security - an Information Security company that is also the first QSA company in Bulgaria certified by the PCI Security Standards Council.
Member of the Management Board of the Bulgarian Association of Software Companies (BASSCOM) and one of the founders of Paysera
Topic: "Financial fraud and decision like Ondato for secure data identification"
Filip Mutafis is an investor among the founders of Paysera Bulgaria, the local representation of the Lithuanian electronic money company Paysera LT and one of the first fintech companies in the country. Filip has many years of experience in IT companies - Dynamic Solutions, Singular, Unisoft, Sirma Business Colnsulting, Balkan Services. Throughout his career, he has participated in innovative the Bulgarian business activities - the first internet laboratories, implementation of ERP systems, launching the most successful business system in Bulgaria - QlikView. He has been a lecturer at numerous business planning events, ERP systems, and has been involved as a lecturer and key partner of DIGI PAY since its first issue in 2016.
9-9.10 “Online Payment Security - Trends and Forecasts”, Vladimir Ikonomov , Chairman of ACFE, Bulgaria – Association of Certified Fraud Examiners
9.10-9.30 “Public policy after the introduction of PSD2 and the observations of the regulator for the implementation of Open banking”, BNB
9.30-9.50 “Cyber threats- major business risks”, Svetlin Lazarov, General Directorate for Combating Organized Crime (GDCOC), Ministry of Interior
9.50-10.20 “Future Payments Fraud Prevention”, Konstantin von Altrock, Director CTO Safer Payments, Data, AI
10.20-10.50 "Combating Fraud in a hyper-connected World/ Best Practice Fraud Detection & Prevention"
10.50-11.10 Coffee Break
11.10-11.30 “The new challenges to card setllements“, Florin-Adrian Trache, Head of Digital Products, VISA SEE
11.30-11.40 “Future Payments Fraud Prevention”, Dimitar Popov, director Consulting, Deloitte
11.40-12.10 "Transform your fraud and AML programs with a single solution. How to choose the right vendor?", Svetlin Dobrev, cofounder, NOTO
12.10- 12.40 “End to end solution for preventing fraud in all cashless payment channels”, Vasil Bakalov, Senior Risk Systems Business Consultant, IBS Bulgaria,
12.40-13.30 Launch Break
13.30 -13.50 “Revolut & the fintech sector a year later”, Eduard Tsvetanov, the country representative of the British fintech company Revolut
13.50- 14.10 “The role of banks for more accessible, secure and innovative payments ", Lachezar Venkov, Director “Digital banking”, First Investment Bank
14.10-14.30 "Man-in-the-browser attack", Lyubomir Tulev, Chief Cyber Security Operations Lead, Amatas
14.30- 14.50 "Open banking and eID", Nayden Marechkov- Director Product Development and Ivan Hadjov- Manager Business Development, MasterCard
14.50-15.00 “PCI DSS Certification doesn't Exist”, Pavel Kaminsky, Head of Operations, 7S Security
15.00-15.15 "Financial fraud and decision like Ondato for secure data identification", Filip Mutafis
15.15-16.30 "Creating Scenarios for Fraud Prevention and Money Laundering in 30 Minutes -
live NOTO product demo", NOTO workshop
16.30-17.30 Networking - Wine cocktail, a compliment from the wine cellar of "Chateau Botevo" |Thracian Plain.
* The working languages of the conference will be Bulgarian and English. Translation will not be provided.
DIGIPAY 2019 Edition
• Over 150 Participants
• Most popular lecturers in the field of payments- BNB, Borica, General Directorate for Combating Organized Crime ( GDCOC ), First Investment Bank, Raiffaisenbank, IBS, NOTO, Evrotrust, Phyre,Socyber
• International lead companies in digital payments,fraud, digital banking - Paysafe, OneSpan, Paysera
• Premiere- Application Phos Premiere, easy and secure online payments everywhere
Източник: Интер Експо Център
ACFE Bulgaria is the official branch of the international organization Association of Certified Fraud
Examiners, USA (ACFE, USA). The Association of Certified Fraud Examiners (ACFE) is the world’s largest anti-fraud organization and premier provider of anti-fraud training and education.
С Together with more than 85,000 members, the ACFE is reducing business fraud worldwide and inspiring public confidence in the integrity and objectivity within the profession.