The European Banking Authority (EBA) published today a Discussion Paper on its approach to financial technology (FinTech). The EBA sets out in the Discussion Paper the results of the first EU-wide FinTech mapping exercise and its proposals for future work on FinTech. FinTech has the potential to transform the provision of financial services. For this …
EBA publishes a Discussion Paper on its approach to FinTech Read More »
Innovation in the field of Fintech in general and Regtech in particular cannot flourish with the support of regulators. Lawmakers and authorities provide the framework and play an important role in the practical application of new services and solutions. All the more is it disappointing to see how much the various financial watchdogs do to …
The Financial Action Task Force (FATF) held a FinTech and RegTech Forum on 25-26 May 2017 in San Jose, United States, chaired by the President of the FATF, Mr. Juan Manuel Vega-Serrano (Spain). The meeting, hosted by PayPal at its headquarters, was attended by over 150 representatives from the FinTech and RegTech sectors, financial institutions, …
Today the Bank for International Settlements (BIS) published a report on FinTech credit with a view to market structure, business models and financial stability implications. FinTech credit refers to credit activity facilitated by electronic platforms. This usually involves borrowers being matched directly with investors, although some platforms use their own balance sheet to lend. FinTech platforms …
International regulator issues report on FinTech Credit Read More »
The U.S. Commodity Futures Trading Commission (CFTC) today approved the creation of LabCFTC, a new initiative aimed at promoting responsible FinTech innovation to improve the quality, resiliency, and competitiveness of the markets the CFTC oversees. Located in New York LabCFTC will also look to accelerate CFTC engagement with FinTech and RegTech solutions that may enable …
CFTC Launches LabCFTC as Major FinTech Initiative Read More »
Initial Coin Offerings or ICOs have quickly become a powerful fundraising tool that is both more inclusive that traditional financing models and at the same time disruptive and complementary to them. For Blockchain startups it is a logical alternative and it has been embraced by several initiatives over the last couple of months. We look …
The numbers alone are overwhelming: More than 2 billion people don’t have access to banking across the world. Over three billion people – that is almost half the world – live on less than $2.50 a day and at least 80% of humanity lives on less than $10 a day. And to make matters worse, …
The (regulatory) challenges for Financial Inclusion and how FinTechs help overcome them Read More »
The FCA is taking its efforts in the FinTech and RegTech area to the next level as indicated in a speech by a senior official. Christopher Woolard, Executive Director of Strategy and Competition at the FCA, delivered a speech today at the Innovate Finance Global Summit that outlines the next stage of Project Innovate. The speech …
ICOs (Inititial Coin Offerings) are becoming more and more popular as means of funding new cryptocurrency projects. Start-ups mostly in the field of blockchain technology use them instead of traditional or heavier regulated ways of fundraising because even though they are often compared to other forms like IPOs or Crowdfunding, they differ significantly and so …
The European Commission today launched a public consultation on FinTech for a more competitive and innovative European financial sector. This consultation seeks input from stakeholders to further develop the Commission’s policy approach towards technological innovation in financial services. It seeks input in terms of stakeholders’ perspectives on new technologies’ impact on the European financial services …
Planet Compliance is a B2B media site and directory focused on covering business regulations and highlighting the top compliance software applications. Fortune 500 brands, major consultancies, and small businesses rely on Planet Compliance’s content, reports, and analysis when reviewing various solutions to ensure their company and clients comply with various business regulations.
The full legal disclaimer can be found here:
View Disclaimer
© 2024 PlanetCompliance. All Rights Reserved.
Disclaimer | Privacy
Add your article to Planet Compliance.
