Tag: European Central Bank
How digital innovation and sustainability are shaping wealth management
During the third quarter of 2024, the wealth management sector witnessed shifts, heavily influenced by sustainability, digital innovation, and regulatory adjustments.
Unlocking success: Navigating the IReF implementation for banks
The Integrated Reporting Framework (IReF), an initiative by the ECB, aims to streamline banks’ statistical reporting processes across the Eurozone.
AMLA’s new home in Frankfurt: Strengthening EU’s fight against financial crime
In a significant announcement made in February, the Council of the European Union revealed that Frankfurt has won the competitive bid to host the Anti-Money Laundering Authority (AMLA), marking a pivotal moment for regulatory oversight within the EU.
ECB amplifies climate focus: Green transition and nature risks in spotlight
The European Central Bank (ECB) is taking a decisive step forward in addressing the pressing challenges posed by climate change. The institution has outlined a robust action plan that hinges on three pivotal themes for the years 2024 and 2025.
Finnish FinTech Saldo ventures into banking with high-interest savings account
Finnish FinTech company Saldo, a provider of loans to consumers and SMEs, is now poised to enter the banking services arena in Finland.
ECB to reign in crypto with regulatory framework
The European Central Bank (ECB) has released its intentions to form a crypto regulatory framework that aims to make how banks offer crypto assets more consistent.
Squirro raises funds, acquires open.exchange, teams with ECB
Squirro, an augmented intelligence platform that helps assess risks to banks, has reportedly raised $4m in funding and acquired US deal sourcing platform open.exchange.
Digital payments are becoming more popular ECB research shows
Cash may still be king, but new research from the European Central Bank shows digital payments are becoming more popular.
Market positive for the ECB to be a trusted authority to...
The European Central Bank has closed a consultation that found that most market stakeholders were positive about it the bank acting as a trusted authority publishing compounded term rates using the euro short-term rate (€STR).
ECB warns that big tech entering the FinTech space could lead...
The European Central Bank has warned that Europe's failure to produce big tech companies of its own to compete with American ones could leave the EU exposed and reliant on foreign providers as big tech moves into the FinTech sector.