Tag: European Union

FinTech revenues predicted to reach $1.5trn by 2030

FinTech revenues are set to grow sixfold from $245bn to $1.5trn by 2030, according to a report from Boston Consulting Group (BCG) and QED Investors. The report suggests that the FinTech sector, which currently holds a 2% share of the $12.5trn in global financial services revenue, is estimated to grow up to 7%. 

EU passes MiCA legislation in crypto regulation breakthrough

The European Union has come one step closer to making crypto regulation a reality after it passed the Markets in Crypto Assets Regulation (MiCA) bill.

Italian and German banks urge financial institutions to adopt more flexible...

To counter the economic effects of Covid-19, Italian and German banks have drawn up a document highlighting ways for financial banks across Europe to mitigate the risk of further loss.

EU to get its own anti-money laundering body

After almost a year of discussions, EU finance ministers have agreed to launch a regulatory body focused on fighting money laundering.

Financial services organisations still unsure about data protection laws despite spending...

Data security laws are continuing to be a problem for businesses despite them having paid millions on compliance, according to a new study from Tanium, the security company.

European Supervisory Authorities compiles analysis of sandboxes and innovation hubs

The European Supervisory Authorities (ESAs) has published a joint report on regulatory sandboxes and innovation hubs. Its new report provides a comparative analysis of the...

Euronext snaps up InsiderLog for MAR compliance

Euronext has purchased a majority share of InsiderLog, a Stockholm-based RegTech company, to help the industry meet compliance requirements associated with the Market Abuse Regulation (MAR).

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