Tagged: european commission

FESE Responds to EU’s Consultation on Fintech

  The Federation of European Securities Exchanges (FESE) recently published their response to the European Commission’s Consultation, “FinTech: a more competitive and innovative European Financial Sector.” In their response, they listed three principles that they believe will be vital for the development of the Fintech… Read More

Last Day: European Commission Public Consultation on Fintech Ends June 15th

The European Commission public consultation on Fintech ends today. Launched in March, the consultation was created to better understand how Europe can engender a more competitive and innovative financial sector. The feedback will hopefully help guide the Commission how Fintech can make the EU Single Market… Read More

Here is the European Commission Consultation Paper on Fintech

Earlier this year, the European Commission published a consultation paper on Fintech. Entitled, “Fintech: A More Competitve and Innovative European Financial Sector,” comments are starting to be published as the deadline nears (June 15, 2017). The ESMA published their comments today. The consultation was predicated… Read More

The European Securities & Markets Authority Responds to EC Consultation Paper on Fintech

Response Specifically Targets, AI, Crowdfunding, Blockchain, Regtech & More. The European Securities and Markets Authority (ESMA) has responded to the European Commission consultation paper on “Fintech: a more competitive and innovative financial sector”. The ESMA welcomed the initiative to take a stock-take of the EU’s… Read More

Championing French Fintech & Fintech Education: An Interview with Anaïs Raoux

Individual Fintech startups can’t disrupt financial services. It takes an ecosystem to do so. We spoke in Paris with Anaïs Raoux, the Managing Director of the industry association France Fintech about how the association helps build an effective ecosystem for French Fintechs ‒ tackling issues… Read More

European Commission Considers Passport For Fintech Firms in Recognition of Consumer Benefits

The US Fintech marketplace is saddled with 50 different state regulators and innumerable federal agencies touching financial services. The UK is dealing with Brexit ramifications and its divorce proceedings with continental Europe. Meanwhile, the European Commission is considering passporting Fintech services in recognition of the profound benefits… Read More

Crowdfunding4Culture: Get Involved! EU Initiative Launches Publish Discussion

In Europe, the cultural and creative sectors (CCS) are not very familiar with crowdfunding. In order to better understand and evaluate the potential of crowdfunding for creatives and cultural organizations, the European Commission has launched Crowdfunding4Culture. The initiative seeks to pinpoint what actions public authorities should take… Read More

European Commission Launches Mid Term Review of Capital Markets Union

As part of its efforts to achieve a Capital Markets Union (CMU), the European Commission has launched a public consultation on the planned CMU mid-term review. This consultation offers an opportunity for stakeholders to provide targeted input to complement and advance actions put forward in… Read More

European Commission Appoints Members of Expert Group on Sustainable Finance

The European Commission has announced the appointment of a group of individuals to advise on sustainable finance. The initiative is part of the ongoing Capital Markets Union (CMU) which took a serious blow following the Brexit decision.  The intent of the expert group is to… Read More

European Commission Creates Internal Fintech Task Force

The European Commission has reportedly set up an internal task force that is focused on financial technology (aka fintech). While sharing details about the group, Roberto Viola, director general for DG Connect and Olivier Guersent, director general DG Financial Stability, revealed in a press release the key… Read More

EU Report: No Strong Case to Create Synchronized Framework for Investment Crowdfunding

File this one under recently discovered, but the European Commission published a report earlier this year that pretty much crushed any hope for a more synchronized approach for debt and equity crowdfunding across Europe. As highlighted in the editorial by Alessandro Lerro earlier this week,… Read More

The EC Calls for Tenders: Cash for European Fintech Sector Study

The European Commission has launched a call for tenders for a service contract to conduct a study on the fintech sector with a total price that cannot exceed 350,000 Euros, according to a release. The objective of the contract is to better understand the fintech sector… Read More

Citizenergy Calls on European Union to Support Crowdfunding for Renewables & Energy Efficiency

“We encourage the European Commission’s endeavour to support Crowdfunding as a mean to access to finance for SMEs, especially regarding innovative businesses in the field of renewable energy.” Sustainable energy crowdfunding platform Citizenergy, along with multiple other stakeholders in the crowdfunding industry have come together… Read More

EBN Applauds EU’s Support of Crowdfunding as Data Backs Up CMU Plan

EBN, a network of over 160 business innovation centres and incubators, has released a statement on the European Commission’s advocacy of investment crowdfunding in providing crucial access to capital for innovative young firms. CEO of the EBN network, Philippe Vanrie, welcomed the report stating; “We… Read More

Report: European Commission Promotes Use of Investment Crowdfunding

  The European Commission, as part of the  Capital Markets Union (CMU), has published a working document on investment crowdfunding as it seeks to boost access to capital for SMEs. The relevance of the publication is even more important in light of the tepid economic… Read More

The European Commission Wants to Improve Cross Border Consumer Finance

The European Commission is in the midst of a consultation as to how they may improve retail financial services to consumers across Europe.  The challenge, of course, is not just within individual countries, but in the diversity of cost, structures and regulatory approaches that pepper… Read More

European Investment Fund & iwoca Announce COSME Agreement & Offers £40M Lending Line For UK Small Businesses

On Thursday, the European Investment Fund (EIF) and iwoca have signed their first COSME agreement in the UK to help a greater number of SMEs gain access to finance. The initiative benefits from the support of the European Fund for Strategic Investments (EFSI) through which the… Read More

European Parliament Agrees to EC Proposal on Online Payments

The European Parliament has adopted the proposal by the European Commission regarding a revised directive on payment services – also called PSD2. The law was originally proposed in July of 2013.  The legislation is designed to protect consumers when they make payments online and via… Read More

EU Conducts Survey on Perceptions of Investment Crowdfunding

The Financial Services Users Group (FSUG) has launched a survey to measure perspectives on crowdfunding across the European Union. The FSUG is a “consultative group” for the Commission and is targeting investor opinion regarding both debt and equity crowdfunding platforms. The notice of the survey… Read More

Symbid Announces New Partnership with EBU; Captures $1M in StartUp Loans From Regional Development Fund

Symbid, one of the first investment crowdfunding platforms worldwide and now The Funding Network, announced a strategic partnership with Economic Board Utrecht (EBU), a Dutch regional economic development group, to support small businesses with over $1 million of funding. The partnership will provide local, sustainable initiatives… Read More