Tagged: EU

November 26, 2022 @ 5:14 pm By Omar Faridi  |  

The partnership between the banking platform, Temenos (SIX: TEMN), and Greenomy’s, EU Taxonomy alignment SaaS solution, “expedites fully automated non-financial reporting and monitoring of the alignment of the bank’s assets in their banking book against their sustainability objectives.” The implementation of EU Taxonomy (EUTax), the… Read More

November 10, 2022 @ 2:17 pm By JD Alois  |  

Ten years ago, a group of proponents published a document that outlined “A Framework for European Crowdfunding.” The document was widely distributed as individuals interested in online capital formation shared the framework, looking to garner support among policymakers to enable securities crowdfunding. The main authors… Read More

November 7, 2022 @ 7:49 am By JD Alois  |  

SeedBlink has been approved to provide investment crowdfunding across all EU member states. SeedBlink joins a handful of other platforms able to sell securities under ECSPR (European Crowdfunding Services Providers Regulation). SeedBlink noted that it is the first CEE country to be authorized under the… Read More

November 4, 2022 @ 10:33 am By Omar Faridi  |  

Sustainability and climate protection are “central challenges” of our time. Therefore, the EU is successively “obliging companies, credit institutions and other financial service providers to make the sustainability of their economic activities measurable within the framework of the EU Taxonomy Regulation.” The aim is “to… Read More

November 1, 2022 @ 7:44 am By Omar Faridi  |  

Gillian Lynch, Head of Ireland and EU operations at Gemini, notes that the digital asset firm is pleased “to announce that individuals and institutions in Denmark, Sweden, Portugal, Czechia, Latvia, and Liechtenstein can now open a Gemini account to deposit, trade, and custody over 100 cryptocurrencies.”… Read More

October 22, 2022 @ 2:56 pm By Omar Faridi  |  

The agreement between Danske Bank and the consortium of banks behind Vipps to merge MobilePay and Vipps has been “approved by all relevant authorities, including the EU Commission.” The parties expect “to complete the transaction during the fourth quarter of 2022.” The merger was “announced… Read More

October 21, 2022 @ 11:29 am By JD Alois  |  

As was previously reported, the compliance date for ECSPR, or European Crowdfunding Service Provider Regulation, has been extended from November 2022 to November 2023 for all EU member states. This means that platforms intending to offer securities crowdfunding across the EU now have another year… Read More

October 19, 2022 @ 1:08 pm By JD Alois  |  

European Commission Commissioner for Financial Services, Financial Stability, and Capital Markets Union Mairead McGuinness, says the United States needs to pick up the pace and create bespoke rules for digital assets or crypto assets. The European Union is moving forward with its Markets in Crypto… Read More

October 9, 2022 @ 11:40 pm By Omar Faridi  |  

The Quadrans Foundation, as part of the TRICK Consortium, will “provide the blockchain technology infrastructure for the new platform’s design and will use Truebit to achieve TRICK’s development goals.” TRICK Project (product data traceability information management by blockchains interoperability and open circular service marketplace) was… Read More

October 7, 2022 @ 12:24 pm By JD Alois  |  

Sanctions continue to tighten on Russia as the war drags on with the Ukrainians rapidly regaining their territory. Russia recently held sham elections in several provinces in an attempt to show that inhabitants want to be a part of Russia. While President Putin said he… Read More

October 6, 2022 @ 11:42 am By JD Alois  |  

In a letter sent to the Chair of the Committee on Economic and Monetary Affairs of the European Parliament, the European Council said it approved of the Parliament’s position on the Markets in Crypto Assets (MiCA) directive as it stands and it will be adopted… Read More

September 29, 2022 @ 8:11 am By Omar Faridi  |  

The European Commission has welcomed a Joint Statement by EU and Ukrainian financial institutions “to provide access to affordable, accessible and transparent remittance services to Ukraine.” Today, remittances from Ukrainians in the EU are “a vital way of providing means of subsistence to their families… Read More

September 22, 2022 @ 10:32 am By Omar Faridi  |  

Goldman Sachs (NYSE:GS) recently announced it is expanding Transaction Banking (TxB) to the European Union. Originally launched in the US in 2020 and expanded to the UK in 2021, this growth will deepen Goldman Sachs’ relationships “with existing clients who have banking needs in the… Read More

September 9, 2022 @ 7:22 pm By Omar Faridi  |  

Neo has announced a new partnership with Simplex by Nuvei, an EU-licensed financial institution that “empowers its vast network of partners to accept the widest range of payment methods.” This partnership will “provide users around the world with seamless onramps and offramps to NEO, GAS,… Read More

September 6, 2022 @ 7:42 pm By Omar Faridi  |  

Aquis Exchange, the pan-European large and mid-cap equities trading arm of Aquis Exchange PLC, is pleased to announce “the launch of its European dark trading venue, the Aquis Matching Pool (AMP) EU.” This marks the expansion of Aquis Exchange’s dark trading service, which was previously… Read More

August 31, 2022 @ 2:09 pm By Omar Faridi  |  

Infobip Group, a global cloud communications platform company for customer engagement, and key player in CPaaS solutions, announced a partnership with Google and Goldman Sachs to launch “an innovative mentorship program for startups from Croatia, the youngest European Union member state with a population of… Read More

August 12, 2022 @ 11:36 am By Omar Faridi  |  

Trovata, which automates cash reporting and forecasting via wholesale (and was set for the UK, and EU launch after a $27 million round in June 2022), recently announced the appointment of Lisa Gutu as VP of Business Development and Vladimir Pintea as VP of Open… Read More

July 21, 2022 @ 8:18 am By Omar Faridi  |  

Post-Brexit, FX brokers are losing business and money because they’re “not permitted to service EU-based clients,” the team at Currencycloud notes in a blog post. And when they want to expand to reach these markets, the cost and time it takes to seek regulation is… Read More

July 20, 2022 @ 9:34 pm By JD Alois  |  

Last week in Brussels, the EU – U.S. Joint Financial Regulatory Forum took place where policy makers tackled various aspects of global financial services. EU participants included representatives of the European Commission, the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA), the… Read More

July 19, 2022 @ 10:52 am By JD Alois  |  

The European Commission has extended the deadline for compliance with the relatively new European Crowdfunding Service Provider Regulation (ECSPR). Last November, the European Union enacted harmonized regulations for investment crowdfunding platforms and offerings. Under the rules, issuers could raise up to €5 million across all… Read More