Tag "regulation"

Peru Fintech Industry Grew 16% This Year; COVID-19 Accelerates Digital Adoption

Peru’s fintech industry has been growing consistently these past years, surging to 171 fintech companies operating locally, as of September 2021. The figure represents a 16% from 2020, and an annual average growth rate of 20% over the last seven

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A Look Into Switzerland’s Distributed Ledger Technology Act

This year, the Distributed Ledger Technology (DLT) bill entered into full force in Switzerland, opening up new opportunities and business models by providing legal clarity in areas including ledger-based securities and digital securities exchanges. The new legal framework entered into

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Europe Paved the Way for Open Banking but Held Back by Adoption Discrepancies

Europe is often considered a pioneer in the widespread introduction of open banking, but despite groundbreaking regulations like PSD2, significant differences and discrepancies exist between countries of the continent, a new research by German open banking platform Ndgit found. In

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EU’s Shareholder Rights Directive II, a Catalyst for Change in the Securities Industry

September 10, 2020 marked the deadline for member states of the European Economic Area (EEA) to implement new measures required by the Shareholder Rights Directive II (SRD II). SRD II, which came into force on June 09, 2017, amends the

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How to Get a Swiss Fintech License, Swiss SME Banking Heats Up

Switzerland’s fintech license appears to have attracted a horde of cryptocurrency startups looking to leverage the relaxed regime to provide certain bank-like services which would have otherwise required a full banking license, Michael Brüggler, managing expert at Fintech Werkstatt, told

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Switzerland and Estonia Among Europe’s Most Advanced Blockchain Ecosystems

In Europe, Switzerland, Estonia, Malta and Cyprus have the most advanced and mature blockchain ecosystems with well-developed startup scenes and high levels of regulatory maturity, a paper by the EU Blockchain Observatory and Forum says. More specifically, the European Commission

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EU Consumers Uncomfortable Sharing their Data, Finds New Open Banking Survey

European consumers still have reservations about open banking offerings despite the entry into force of the Revised Payment Services Directive (PSD2) and efforts from governments to promote fintech and open banking, according to a new survey by PwC’s Strategy&. The

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Portugal’s Fintech Industry Continues to Grow and Mature on the Back of Favorable Regulation

Portugal’s fintech ecosystem continued to grow and mature in 2020 with several new developments including the establishment of fintech hub Fintech House as well as the release of the framework for a regulatory sandbox. Committed to supporting the development of

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A COVID-19 Regulatory Guide for Financial Institutions in Europe

Amid the COVID-19 pandemic, regulators across Europe have put in place various measures to ensure continuity and sustainability of the financial sector. In a new guide released earlier this month, international law firm Baker McKenzie provides information on key policies

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European Commission Unveils AI, Data Strategy

In a whitepaper released last month, the European Commission (EC) unveiled its strategy to promote the development of artificial intelligence (AI) in Europe whilst ensuring the respect of fundamental rights. The whitepaper outlines the institution’s plan to develop what it

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