European Union


The rise of regtech

A head of steam is building around regtech, driven by the confluence of interest from regulators, banks and fintechs.

SEPA – are we there yet?

The payments industry was dragged kicking and screaming into the single euro payments area (SEPA), but on 28 January 2018, the initiative will celebrate its tenth anniversary. No doubt former doubters will sing its praises.

PSD2: regulation as a catalyst for innovation

PSD2 comes into force on 13 January 2018. It aims to open up the European payments market to greater competition and transparency, but its effect will be more far-reaching, acting as a catalyst for innovation not just in payments, but in the wider financial services market.

Interview: Javier Santamaría, EPC – SCT Inst, catalyst for a new world?

It may not provide all the ticks on everyone’s wish list, but the new SEPA Instant Credit Transfer Scheme (SCT Inst) could well be the start of something even more seismic for the European payments sector and also pave the way for a different, more immediate way of conducting business.

Fiorano launches PSD2 solution for banks

Fiorano Software, a specialist in integration middleware and API management, has launched Fiorano PSD2, a solution enabling banks to comply with the European Union’s PSD2 regulations.

Instant payments in Europe: a recipe for success

There is intense interest in instant payments (IP) throughout Europe. Domestic schemes are already live in the UK, Denmark, Poland and Sweden. The success of these schemes shows what’s possible but also teaches many lessons.

ECB targets new RTGS platform

The European Central Bank’s (ECB’s) governing council will decide by the end of this year whether to greenlight a new real-time gross settlement (RTGS) system to replace the decade-old Target2 platform.

Instant payments in Europe: moving from theory to practice

We live in impatient times – everyone wants to be able to pay who they want when they want, instantly and regardless of location. The UK has had instant payments since 2008; Faster Payments volumes have exceeded all predictions and now exceed 135 million per month.

Infographic: banking in Europe 2017 – EBF facts and figures

European Banking Federation (EBF) has published its annual update on the banking sector in Europe. According to the EBF findings, staff numbers and branches in the European banking sector continued to shrink in 2016, while Eurozone deposits and loans grew slightly.

France is not making many friends with new tech tax idea

The French Finance Minister has put forward new proposals to shake-up the tax set-up for technology companies who are based outside of the European Union, reports Telecoms.com (Banking Technology‘s sister publication). Under the current rules, internet giants such as Google or Facebook are taxed on profits which are generated in Europe, though French Finance Minister […]