Tag: European Commission

AI and ML models have become an essential part of the FinTech sector, predicting outcomes and making decisions, especially in fraud.

Although financial participation continues to linger at around 10% among European banking clients, a stark contrast to the 89% of individuals acknowledging the importance of financial preparedness for their future, several emerging trends are inspiring optimism. These trends are pushing financial participation to new heights.

The European Commission has proposed changes to the Central Securities Depositories Regulation to boost efficiency of the EU’s settlement markets and protect financial stability.

Irish RegTech firm Fenergo has been successfully acquired by private equity firms Astrong and Bridgepoint in a $600m agreement.

The European Commission has announced the creation of a new EU authority to fight money laundering, as part of a series of proposals to combat rising fraud threats.

The European Commission (EC) has launched its strategy to build a Joint Cyber Unit to tackle large scale cyberattacks, according to the BBC.

The EU’s antitrust office has fined UBS Group, Nomura Holdings and UniCredit £319m for participating in a European Government Bonds (EGB) trading cartel.

The European Commission has adopted a new Digital Finance Package, which aims to improve the competitiveness and innovation of the financial sector.

Visa is being investigated by the European Commission in regards to how it treats FinTech companies in its network.

The European Commission has referred Austria, Belgium and the Netherlands to the Court of Justice of the European Union for failing to wholly implement the fourth anti-money laundering directive (AMLD4) into national law.