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The European Commission releases PSD3 proposal

News | Payments General | 28 Jun 2023

The European Commission has put forward proposals to bring payments and the wider financial sector into the digital age.

regulation, payments , data, financial services, PSD2, PSD3

ACI Worldwide helps financial institutions comply with Instant Payments regulations

News | Online & Mobile Banking | 22 Jun 2023

ACI Worldwide has been working to support banks and financial institutions to comply with and prepare for the upcoming European Commission (EC) Mandate on Instant Payments.

instant payments, fraud detection, API, banks

ECB and SRB support the EU bank crisis framework

News | Payments General | 20 Apr 2023

ECB and SRB have welcomed the European Commission’s proposed legislative changes to the European bank crisis management and deposit insurance framework.

banks, central bank, regulation, financial institutions, financial services

EPI aligns with EC to broaden instant payments support

News | Online & Mobile Banking | 29 Mar 2023

EPI Company has expressed its support for the European Commission's proposed legislation on instant payments, which aligns with the Commission's Retail Payments Strategy. 

EPI, instant payments, banks, Open Banking, regulation

IDEMIA to be a DTC Pilot technology partner

News | Digital Identity, Security & Online Fraud | 16 Mar 2023

Identity tech company IDEMIA has become a technology partner of a Dutch Consortium deploying a Digital Travel Credential (DTC) Pilot, co-founded by the European Commission.

partnership, identity verification, digital identity, identity fraud, fraud prevention, cross-border logistics, travel, digitalisation, ecommerce, data privacy, biometrics, facial recognition, product launch, fintech, DTC

EU to promote healthy competition in the metaverse

News | Cryptocurrencies | 09 Mar 2023

The European Commission has recommended a headstart into analysing the implications of technologies such as the metaverse and ChatGPT.

regulation, metaverse, web3, compliance

European Commission launches a blockchain regulatory sandbox

News | Cryptocurrencies | 16 Feb 2023

The European Commission has launched a new regulatory sandbox for innovative use cases involving Distributed Ledger Technologies (DLT).

regulatory sandbox, product launch, blockchain, DLT

DAC8 puts crypto operators in charge of collecting crypto asset data

News | Cryptocurrencies | 22 Dec 2022

The European Commission has put forward the DAC8 proposal, which makes crypto operators responsible for collecting crypto asset information.

regulation, cryptocurrency, digital assets, data sharing

EC, NOBID announce new biometric payments pilot for EU digital wallet

News | Digital Identity, Security & Online Fraud | 16 Dec 2022

The European Commission has announced that it will fund a multi-national and multi-company consortium as part of a larger pilot project involving a regional digital wallet programme.

digital wallet, product launch, regulation, digital identity, EIDAS

European Commission proposes law for EUR instant payments

News | Online & Mobile Banking | 26 Oct 2022

The European Commission has adopted a legislative proposal to make instant payments in euro, available to all citizens and businesses holding a bank account in the EU and in EEA countries, according to the official press release. 

instant payments, regulation, SEPA

EU passes landmark MiCA crypto law

News | Cryptocurrencies | 01 Jul 2022

The European Commission, EU lawmakers and member states have agreed on a landmark law, known as Markets in Crypto-Assets, or MiCA, designed to make life tougher for players in crypto.

crypto, regulation, stablecoin, NFT

European Commission publishes PSD3 consultation

News | Online & Mobile Banking | 20 May 2022

The European Commission has published a public consultation (Main Consultation) to gather evidence for its review of the second EU Payment Services Directive (2015/2366) (PSD2), and to inform its continuing work on Open Finance.

regulation, Open Finance, PSD2, crypto asset, BNPL

EU Commission considers ban on large-scale stablecoins

News | Cryptocurrencies | 13 May 2022

The European Commission has considered curbs on the ability of stablecoins to become widely used in place of fiat currency, according to CoinDesk.

stablecoin, regulation, cryptocurrency, compliance, Issuer

European Commission proposes rules for data access across economic sectors

News | Digital Identity, Security & Online Fraud | 25 Feb 2022

The European Commission has proposed new rules on who can use and access data generated in the EU across all economic sectors.

data, regulation, IOT, SMEs, financial data

EU could test the digital EUR in 2023

News | Cryptocurrencies | 11 Feb 2022

The European Commission has announced it is planning to propose a bill for a digital euro early in 2023.

European Commission, digital currency, CBDC, central bank, cryptocurrency

EC to release instant payments legislation in second half of 2022

News | Online Payments | 11 Feb 2022

The European Commission has announced its intention to legislate on instant payments to accelerate their adoption across the EU, according to AltFi.

SEPA, European Commission, European Payments Council, regulation, instant payments

The ESAs to review the EU's regulatory and supervisory framework

News | Online & Mobile Banking | 08 Feb 2022

The three European Supervisory Authorities (EBA, EIOPA, and ESMA) have published a joint report in response to the European Commission’s February 2021 Call for Advice on Digital Finance. 

EBA, regulation, European Commission, digital banking, ecommerce platform

European Commission fights against misuse of shell entities

News | Payments General | 12 Jan 2022

The European Commission has presented a new initiative to fight fake shell entities for improper tax purposes.

European Commission, regulation, transaction monitoring, Open Data Economy, tax evasion , cross-border ecommerce, cross-border payments