Category: Positions

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 […]

Joint Industry Letter for Effective and Efficient Fraud Prevention in Europe

Brussels, 10 June 2024: As representatives of the digital payments and technology sectors, we would like to express our appreciation for the ongoing work on the EU Payments Package. The EU Commission’ draft proposal for the Payments Services Regulation (PSR) already includes provisions to prevent and mitigate fraud risks, such as verification of payee for […]

EFA view on virtual IBANs

The EFA is pleased to observe the ongoing work of the Council of the EU regarding the review of the Payment Services Directive and the new Payment Services Regulation (PSRD), and the progress made with regards to fraud prevention and mitigation. Recently, we have observed suggestions made regarding virtual IBANs, and would like to bring […]