EFA position paper on Customer Due Diligence (AML)
Introduction The European FinTech Association (EFA) strongly supports AMLA’s objective of harmonising Customer Due Diligence (CDD) requirements under the AMLR. A more consistent EU framework can reduce fragmentation, strengthen supervisory convergence and support a level playing field for firms operating across borders. However, the draft Regulatory Technical Standards on CDD, as currently drafted, risk introducing […]
EFA position paper on the 28th Regime
Introduction The European Commission’s proposal for a 28th Regime is a welcome step in supporting the development of European startups and scaleups. A simplified and uniform legal and administrative framework will help these companies focus on growth by alleviating the administrative burden. The proposal responds to longstanding calls to reduce corporate law fragmentation across the […]
EFA position paper on the 28th Regime
Introduction The European Commission’s work to establish a 28th Regime is a welcome step in supporting the development of European startups and scaleups. A simplified and uniform legal and administrative framework will help these companies focus on growth by alleviating the administrative burden. European Commission President Ursula von der Leyen recently restated the importance of […]
EFA contibution to call for evidence on online fraud
Approaches to combating online fraud The European FinTech Association (EFA) welcomes the opportunity to contribute to the European Commission’s (Commission) action plan on online fraud. We believe that to effectively prevent and mitigate online fraud, all players in the fraud chain must collaborate closely and establish practices to prevent fraud from originating from, or taking […]
Opportunities for strengthening the EU’s AML regulatory framework through proportionate, risk-based implementation
The EU’s Anti-Money Laundering (AML) Package represents a significant step toward greater harmonisation, stronger financial integrity, and enhanced protection of EU citizens and businesses. As the Anti-Money Laundering Regulation (AMLR) moves toward implementation, there is an opportunity to ensure that its practical application fully delivers on these objectives while preserving proportionality, a genuine risk-based approach, […]
European FinTech Association position on the Financial Data Access (FiDA) Regulation
To: European Parliament, European Commission and Council of the EU On behalf of the European FinTech Association (EFA), we are writing to reiterate our support for the Financial Data Access (FiDA) Regulation and to urge all co-legislators to conclude the trilogue negotiations swiftly and ambitiously. FiDA is widely recognised as the essential catalyst for Open […]
Strengthening consumer protection and competition through a shared liability regime in the PSR
On behalf of the European Fintech Association (EFA) and the European Digital Payments IndustryAlliance (EDPIA) we would like to emphasise the importance of introducing a shared liability regime forimpersonation fraud under article 59 and relevant Recitals in the final text of the EU Payment ServicesRegulation (PSR), which is currently under negotiation. Authorised push payment (APP), […]
EFA response: EU Single Market Strategy 2025
The European Fintech Association (EFA) would very much welcome a new European Commission strategy to reduce fragmentation, reinforce the eorts to complete the EUs Single Market and reduce the overall regulatory burden on the market. The EFA has been actively supporting the development of a robust (Digital) Single Market,which would benefit all businesses, including financial […]
Going from in-store to online: How FinTechs are empowering merchants walking the digitising path
Driving growth in the digital economy beyond a physical presence is a major challenge merchants face as they try to stay ahead in these times. New trends in technology force merchants to increasingly adapt their businesses to the new needs of consumers, who expect more speed, efficiency, and choices, while demanding less friction in their […]
How FinTechs are transforming cross-border payments, making them faster and cheaper
In today’s interconnected world, making cross-border payments easier and cheaper is more important than ever. More and more people lead international lives, including within the EU. Of the EU’s population, 9% or roughly 40 million people live in a different country to the one in which they were born.[1] And it’s not just people that […]