CIREN invites banks and emergency services to join Europe-wide payment resilience programme

  • 2024-10-29

CIREN (Civilian Resilience Nordic) is inviting banks, fintech, financial institutions and emergency agencies across the Baltic and Nordic regions to join a Europe-wide programme aimed at making payments more resilient. This initiative, titled C4RSE, aims to strengthen financial stability and ensure that communities and payments remain stable and functioning during times of crisis, such as natural disasters, cyberattacks, armed conflict or economic disruptions.

 Janis Vanags, Entrepreneur&Emergency Expert (Baltic Institute of Corporate Governance Policy Group Member/IATA Emergency Response Expert/Estonian Business School Lecturer on Resilience and Crisis Management, is the Founder of CIREN.

The C4RSE payment resilience programme, when fully rolled out and approved for the EU funding, will address the vulnerabilities of financial systems during emergencies, ensuring the availability of payment infrastructure and reducing disruptions to the daily lives of European citizens. By bringing together stakeholders such as central banks, emergency professionals, academics,  financial sector, consumer groups , and other relevant organizations, the programme will analyze various scenarios to strengthen payment systems against both foreseeable and unforeseeable crises.

Latvijas Banka (Central Bank of Latvia) and VUGD (State Fire and Rescue Service of Latvia) have already responded to the invitation by CIREN and will participate in this programme. Other programme partners include Deutsche Bundesbank (Central Bank of Germany), De Nederlandsche Bank (Central Bank of the Netherlands), Estonian Business School, Brandenburgisches Institut für Gesellschaft und Sicherheit (BIGS),  CashEssentials (CE), Bureau Européen des Unions de Consommateurs (BEUC), ESTA (Cash Management Companies Association), Loomis AB, Prosegur, RXL2000, Ecole de Ponts Business School, BBK (Federal Office of Civil Protection and Disaster Assistance, Germany), CIREN, on others. Participating banks and agencies will join forces with experts, universities, and organizations to create best practices for payment continuity, strengthen resilience, and support the development of a robust financial framework for Europe under various emergency scenarios.

The mission of CiReN (Civilian Resilience Nordic) as a non-governmental organization is to protect communities in Northern Europe by improving the regional capability to mitigate against, prepare for, respond to, and recover from threatened or actual natural disasters, terror, hybrid threats/gray-zone and military activity, or other man-made disasters. This is supported by greater resilience of businesses, civil societies, and the public sector.

For additional information please contact:         

[email protected]

www.linkedin.com/company/resiliencenordic