Positions

EFA publishes position on European Retail Payments

The European FinTech Association (EFA) published today its position on a European Payments Strategy. The EFA fully supports the European Commission’s vision for retail payments including safe, fast and reliable payment services to European citizens and businesses and a competitive, innovative payments market. The EFA welcomes new alternatives to existing payments solutions available in the… Read More »EFA publishes position on European Retail Payments

Input on EDPB Guidelines on the interplay of the Second Payment Services Directive and the GDPR

The EFA has provided its comments regarding Guidelines 06/2020 on the interplay of the Second Payment Services Directive and the GDPR. The EFA welcomes the Guidelines’ clarification as to the lawfulness of processing data for other purposes than the ones set out in the PSD2 (see below under 1). However, in EFA’s opinion, the Guidelines… Read More »Input on EDPB Guidelines on the interplay of the Second Payment Services Directive and the GDPR

Input on EBA’s AML/CTF Draft Guidelines

The EBA issued a public consultation on revised money laundering and terrorist financing (ML/TF) risk factors Guidelines ​as part of a broader communication on AML/CFT issues. This update takes into account changes to the EU Anti Money Laundering and Counter Terrorism Financing (AML/CFT) legal framework and new ML/TF risks, including those identified by the EBA’s… Read More »Input on EBA’s AML/CTF Draft Guidelines

AML position paper

The European FinTech Association (EFA) calls for: EU-wide harmonization of digital identification methods• Minimum set of qualified methods and criteria for the digital identification of customers need to be accepted EU-wide• Facilitating third party reliance via mutual recognition of AML-compliant identification procedures across EU member states is key for safe and convenient KYC procedures. The… Read More »AML position paper

MiFID II-MiFIR position paper

Response of the European FinTech Association (EFA) to Section XI (“Digitalisation and new technologies”) on the public consultation of the review of the regulatory framework for investment firms and market operators by the European Commission. Click here for PDF Version