New Digital Finance Package adopted

On September 24, the European Commission adopted a series of measures with the aim of making Europe’s financial services more digital-friendly. The measures are also intended to stimulate responsible innovation and competition among financial service providers in the European Union.

The package will reduce fragmentation in the digital single market so that consumers can have access to financial products across borders whilst Fintech start-ups scale-up and grow.

The package will ensure that EU financial services rules are fit for the digital age and applicable to artificial intelligence and blockchain.

For more information on the Digital Finance Package please click here.

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