**BREAKING: Banking Industry Urged to Overhaul Security Infrastructure Through Cross-Platform Orchestration**
Senior payments executive Trevor LaFleche has issued a critical warning to financial institutions at EBAday 2026 in Copenhagen, highlighting dangerous security gaps in current banking operations. The ACI Worldwide Director of Global Banking Products told FinextraTV that banks continue operating in outdated “siloed mode,” creating vulnerabilities across payment systems including the European Wero platform.
LaFleche emphasized that inconsistent fraud detection and anti-money laundering protocols across disconnected platforms pose immediate risks to financial institutions. The call comes as regulatory pressure intensifies and payment fraud reaches record levels globally. Banks maintaining fragmented security architectures face heightened exposure to compliance failures and financial crime.
The timing is critical as European instant payment regulations tighten and cross-border transaction volumes surge. Institutions failing to implement unified orchestration frameworks risk falling behind competitors while facing escalating operational and regulatory costs.
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FXnCO Insight
** Banks without integrated orchestration strategies should accelerate infrastructure modernization immediately, as fragmented security systems create exploitable vulnerabilities that could trigger regulatory penalties and competitive disadvantage in 2026’s evolving payments landscape.
Source: Finextra