EFA Position on the Digital Euro Regulation
Introduction The European FinTech Association (EFA) welcomes the Commission’s proposal on the Regulation to establish the digital Euro. The EFA supports an open and competitive payment landscape. If correctly designed, the digital euro could generate new competitive value chains with potential benefits to consumers and businesses. However, whilst the proposal considers that financial exclusion in […]
Joint statement of ETPPA, EMA, EPIF, EFA, and OFA on: AMLR technical trilogues – RECITAL 34 discriminating against European fintechs
Brussels, January 31, 2024: Following up on the joint EU fintech industry statement issued on May 17, 2023 (see here), ETPPA, together with EMA, EPIF, EFA and OFA, are calling on the co-legislators and the European Commission to clarify the compromise text reached on recital 34 of the AML Regulation in the technical trilogues; this […]
Joint industry letter on foreign exchange rate transparency in cross-borderpayments and the use of an aggregated live mid-market benchmark rate
As representatives of the financial services and payments sector, we would like to express our appreciation for the ongoing work on the Payment Services package (PSD3/PSR), which has the potential to greatly improve the functioning of the payments market within the EU and beyond.
Joint Industry Statement on AI Definition
In the wake of the December 2023 political agreement on Artificial Intelligence regulations, financial industry representatives stress the need to safeguard ongoing credit scoring operations from potential disruptions caused by pending technical details around the agreed definition of “artificial intelligence systems”.
Credit scoring is a vital element of the financial sector, providing a way to evaluate an individual’s
creditworthiness based on their financial history and behaviour. This evaluation assists lenders in making well-informed decisions about extending credit or loans.
EFA- ETPPA Joint Position paper on the AMLR
This document presents the European Fintech Association (EFA) and European Third-Party Providers Association (ETPPA) comments regarding the inclusion of PISPs on the AMLR scope.
EFA Sustainability Position Paper
The European Fintech Association welcomes recent initiatives of the EU to encourage sustainability in financial services. We believe fintech, especially the cryptoasset sector, can play an important role in driving sustainable innovation. With the right approach, the EU can empower the cryptoasset industry to drive positive change, foster sustainable practices, and contribute significantly to the green transition.
EFA Position on the Proposal for a Regulation on a framework for Financial Data Access
The European Fintech Association (EFA) warmly welcomes the opportunity to share its position on the Proposal for a Regulation on a Framework for Financial Data Access (FIDA). The EFA represents a diverse group of 35+ FinTech providers ranging from payments, to lending, banking, robo-advice, investment as well as software-as-a-service for the finance sector, with a clear focus on enabling a single market for digital financial services. EFA believes that, if done right, FIDA has the potential to be a catalyst for further competition in the financial services market to the benefit of the European consumer.
Position Paper on the Revised Payment Services Directive & Regulation
The European Fintech Association welcomes recent initiatives of the EU to encourage sustainability in financial services. We believe fintech, especially the cryptoasset sector, can play an important role in driving sustainable innovation. With the right approach, the EU can empower the cryptoasset industry to drive positive change, foster sustainable practices, and contribute significantly to the green transition.
EFA Position on the Digital Euro Proposals
The European FinTech Association (EFA) welcomes the Commission’s proposal on the Regulation to establish the digital euro. The EFA supports an open and competitive payment landscape. If correctly designed, the digital euro could generate new competitive value chains with potential benefits to consumers and businesses.
EFA Statement on the Provisional Agreement on the Instant Payments Regulation
The European Fintech Association (EFA) welcomes the provisional agreement reached by the European Parliament and the Council of the EU on 7 November 2023. The Instant Payments Regulation (IPR) is a major step forward in enabling consumers and merchants across Europe and globally to benefit from the wide range of benefits that instant payments offer. […]