Articles with tag like: EU

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EBA opinion on regulations to ensure PSD2 accounts ease of access

News | Online & Mobile Banking | 23 Feb 2021

The European Banking Authority (EBA) has released an opinion on supervisory actions required to ensure the removal of obstacles to account access under PSD2.

European Banking Authority, PSD2, regulation, ASPSP, EU, NCA, RTS, SCA, CSC

Euro zone sees unexpected rise in December 2020 trade surplus

News | E-invoicing, SCF & E-procurement | 15 Feb 2021

The EU has release data showing that the euro zone's trade surplus with the rest of the world was bigger than expected in December 2020, according to Yahoo Finance.

EU, euro zone, trade finance, import, export, Europe

Hungary to change procurement following EU's 'systemic' fraud citing

News | E-invoicing, SCF & E-procurement | 08 Feb 2021

The European Union's executive has told Hungary to reform its public procurement laws to curb systemic fraud before billions of euros from the EU pandemic recovery fund become available, according to marketscreener.com.

Hungary, EU, European Union, procurement, fraud, systemic fraud, European Commission, data accessibility, structural funds

Mastercard to increase interchange fees post Brexit

News | Online Payments | 25 Jan 2021

Mastercard has announced that that they will increase the interchange fees for transactions made from the UK to the EU starting from October.

MasterCard, UK, EU, interchange fees, Brexit, online payments, credit card, debit card

UK, EU to talk over financial cooperation

News | Payments General | 13 Jan 2021

The UK has announced talks with the European Union in January 2020 on how regulators will cooperate over financial services after Brexit has been completed, according to Bloomberg.

UK, EU, finance cooperation, financial services, regulators, Brexit, Memorandum of Understanding, MOU

Revolut applies for UK banking licence

News | Online & Mobile Banking | 12 Jan 2021

Challenger bank Revolut has submitted its application for a bank licence in the UK to the nation’s financial regulators.

Revolut, neobank, challenger bank, PRA, FCA, Brexit, banking, bank licence, EU

EU to help banks affected by COVID-19 to keep lending

News | Payments General | 17 Dec 2020

The European Union has planned to help banks jettison soured loans more easily and continue lending to households and business hit by the COVID-19 pandemic, according to Reuters.

EU, banks, COVID-19, lending, Reuters, European Union, ECB, European Central Bank, European Commission, NPL, pandemic, loans

EIB, Podgoricka Banka agree EUR 20 mln credit line for SMEs

News | E-invoicing, SCF & E-procurement | 15 Dec 2020

The European Investment Bank (EIB) and Montenegro-based Podgoricka Banka, a unit of OTP, have agreed a EUR 20 million credit line for SMEs in the Balkan country, according to SeeNews.

EIB, Podgoricka Banka, OTP, SME, credit line, European Investment Bank, bank, loan, EU, Europe, Balkan

EPI Interim Company adds new members to the European Payments Initiative

News | Payments General | 10 Dec 2020

EPI Interim Company, responsible for initiating the implementation of the European Payments Initiative (EPI) has announced new members joining as founding shareholders.

EPI Interim Company, European Payments Initiative, EU, PKO Bank Polski, OP Financial Group, EPI, payments, instant payments, SCT Inst, digital wallet, P2P

UK government provides financial help to businesses after Brexit

News | E-invoicing, SCF & E-procurement | 08 Dec 2020

The UK government has announced that it will offer extra financial help to businesses to help them cover their costs after Brexit.

UK, government, trade finance, SCF, Brexit, trade, loans, EU, UKEF, guarantee, lenders, banks

EBA reactivates relief measures for pandemic-hit banks, Reuters

News | Payments General | 03 Dec 2020

European Union regulator EBA has revived guidance to allow banks to grant a new round of loan repayment holidays to coronavirus-hit customers, according to Reuters.

EBA, relief measures, pandemic, banks, Reuters, EU, COVID-19, economy, loans, European Banking Authority

ESMA finds deficiencies in BaFin supervision of Wirecard's financial reporting

News | Digital Identity, Security & Online Fraud | 04 Nov 2020

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has published the results of its Fast Track Peer Review which involved Wirecard and BaFin.

ESMA, BaFin, Wirecard, supervision, EU, securities markets regulator, Fast Track Peer Review, FREP, GLEFI, financial reporting

Visigon, Calypso partner to deliver a new Treasury solution to EKF

News | E-invoicing, SCF & E-procurement | 03 Nov 2020

US-based investment management software provider Calypso has partnered with consultancy firm Visigon to deliver the Calypso Treasury Solution to EKF, a Denmark-based Export Credit Agency.

Visigon, Calypso, partnership, treasury, solution, EKF, Denmark, export credit agency, EU, tender, cloud, liquidity management

Interpaylink, iDenfy to launch digital user onboarding

News | Digital Identity, Security & Online Fraud | 14 Oct 2020

Lithuania-based online payment company Interpaylink has partnered with identity verification company iDenfy to accomplish remote user identification.

Interpaylink, iDenfy, onboarding, partnership, identity verification, Lithuania, EU

EU to force bigtech companies to share data: FT

News | Online Payments | 30 Sep 2020

The European Union (EU) has announced plans to force big technology companies to share their customer data with smaller rivals, the Financial Times reported.

data, BigTechs, EU, data sharing, user consent, data symmetry

EU Commission advised to establish a single rulebook on fighting money laundering and terrorist financing

News | Digital Identity, Security & Online Fraud | 11 Sep 2020

The European Banking Authority (EBA) has published its response to a European Commission’s call for advice on how to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).

anti-money laundering, financing of terrorism, AML, CFT, EBA, EU, financial services, EC, risk management

BusUp ultrasonic technology enables contactless ticketing

News | Mobile Payments | 08 Sep 2020

BusUp, shared transportation platform in the EU, has integrated LISNR's ultrasonic technology platform to enable contactless mobile boarding pass authentication.

LISNR, BusUp, data-over-sound, ultrasonic data over sound technology, contactless payments, mobile payments, LATAM, Brazil, Peru, digital payments, EU

UX in B2B payments and the pursuit of happiness

Voice of the Industry | Payments General | 25 Aug 2020

Stefan Backlund, CMO of Payer, provides an overview over the importance of UX in the B2B payments industry and how companies can benefit from placing customer needs first

payer, B2B payments, digital payments, ecommerce, cards, B2B invoice, bank payments, EU, US, payment experiences, B2B ecommerce, API, payment platform, conversion, payments, Administration, UX, buying experience

Holvi leaves UK following Brexit and Covid-19 uncertainty

News | Online & Mobile Banking | 13 Aug 2020

Finland-based challenger bank Holvi has announced plans to officially exit the UK market on 31 October 2020, a date that echoes the UK’s initial departure date from the EU. 

Holvi, UK, United Kingdom, Brexit, COVID19, EU, coronavirus, regulatory landscape, fintech, MasterCard, Holvi accounts, SME, digital bank, challenger bank, Finland, Berlin, Helsinki

European Commission launches public consultation for eIDAS Regulation

News | Digital Identity, Security & Online Fraud | 31 Jul 2020

The Commission has launched a public consultation on the revision of the the eIDAS Regulation, involving electronic identification and trust services for electronic transactions.

European Commission, public consultation, eIDAS regulation, electronic identification, trust, electronic transactions, e-signatures, digital identity, Europe, European Digital Identity, cross-border legal framework, authentication, EU