21 October 2017
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Latest articles for European Commission


EU launches anti-trust probe into bank data sharing

09 October 2017  |  7201 views  |  0 News

The European Commission is investigating whether banks are deliberately preventing non-bank competitors from gaining access to customer account data.


European Commission makes fintech a priority in supervisory shakeup

20 September 2017  |  10980 views  |  0 News

The European Commission is proposing to reform financial supervision across the EU with a renewed focus on new technology developments and the promotion of the emerging fintech sector.


Commission scales up EU's response to cyber-attacks

19 September 2017  |  2793 views  |  0 Company announcement

On 13 September, in his annual State of the Union Address, President Jean-Claude Juncker stated: "In the past three years, we have made progress in keeping Europeans safe online.


FIDO Alliance urges European Commission to outlaw screen scraping

08 September 2017  |  4261 views  |  0 Company announcement

Conversations are ongoing between the European Commission (EC) and the European Banking Authority (EBA) around the Regulatory Technical Standard (RTS) for Strong Customer Authentication (SCA) under the Payment Services Directive 2 (PSD2), specifically with regards to “screen scraping”.


New EC rules could enable banks to increase their software spending

06 September 2017  |  12329 views  |  0 News

European banks under siege from digital challengers and sophisticated cyber attackers could face some relief from a possible change in accounting rules that will enable them to spend more on new software.


EC sets sights on Visa's inter-regional interchange fees

04 August 2017  |  15200 views  |  0 News

The European Commission has taken another step in its long-running tussle with Visa over interchange fees, turning its attention to the fees merchants in the EU must pay on transactions involving cards issued outside of the region.


Commission takes aim at EU-wide currency exchange costs

25 July 2017  |  7953 views  |  0 News

The European Commission is planning a crackdown on the high costs associated with cross-border currency transfers in and out of the euro.


Consumer groups and fintech firms at loggerheads over screen scraping

11 July 2017  |  9174 views  |  7 News

European consumer interest group BEUC has waded into the screen-scraping debate, urging banking authorities to ban the practice in favour of the creation of a harmonised interface for customer data sharing.


European Fintech Alliance hits back at EBA over screen-scraping

05 July 2017  |  5544 views  |  0 Company announcement

The Future of European Fintech Alliance – Commenting on EBA’s opinion on the European Commission’s amendments to the RTS on authentication and communication under PSD2


EBA rejects Commission amendments on screen scraping under PSD2

30 June 2017  |  22211 views  |  16 News

The latest twist in the ongoing row between banks and fintech companies over the future of customer data sharing under the revised Payment Services Directive (PSD2) comes courtesy of the European Banking Authority, which has rejected a proposed amendment to the rules from the European Commission that would have allowed for the continuation of screen scraping.

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