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 […]
Empowering European consumers: The role of Fintech in enhancing financial literacy
In recent years, the digitisation of the financial services industry has provided European consumers with access to sustainable credit, new payment options and effective financial tools. For the sector, this much-needed innovation is helping to reduce costs, speed up access to capital, improve transparency and promote financial inclusion. With over 40 leading European FinTech companies […]
From piggy banks to portfolios: how European fintechs are helping consumers bridge the gap between saving and investing
In the evolving landscape of personal finance, European fintechs are at the forefront of transforming how individuals grow their savings. By leveraging innovative technologies and user-centric platforms, these companies are simplifying saving, and at the same time, making investing accessible and cost-effective, enabling even novice investors with limited funds to participate in the financial markets. […]