Schmalzl Re-elected to DSGV Board, Driving European Digital Payment Initiatives
Joachim Schmalzl, a seasoned banking professional, has been re-elected for a third term as a member of the executive board of the Association of German Savings Banks (DSGV). With a wealth of experience from Sparkasse KölnBonn, where he served on the board responsible for IT, organization, and risk management, Schmalzl aims to connect savings banks closely with European initiatives to secure digital sovereignty and bolster payment traffic in Europe.
Schmalzl's commitment to the European Payments Initiative (EPI) is a testament to his dedication to strengthening European digital sovereignty. As the supervisory board chairman of EPI, he is instrumental in building a European digital payment system that can rival global competitors like US Bank and PNC Bank. This initiative seeks to develop a competitive digital wallet and payment process within Europe.
Schmalzl's leadership in the savings bank sector is well-recognized. He is often credited as a driving force for the digitization of classic regional banking in the savings bank financial group. His vision for the modernization of savings banks aligns with his new role, where he plans to take a stronger European perspective in his work until March 2026.
Joachim Schmalzl's re-election and his continued involvement in the European Payments Initiative underscore his commitment to shaping the future of banking in Europe. His extensive experience and forward-thinking approach make him a valuable asset to the savings bank sector as it navigates the digital landscape.
