A new lobby group for fintech startups across Europe has held its first meeting at the offices of Deutsche Bourse in Frankfurt.
The European Fintech Alliance, established in Berlin early this summer, has been set up with the aim of represent the interests of startups in the political arena and to build bridges between policy-makers and regulators at European level.
Initiated by political consultancies Hendricks & Schwartz and Erste Lesung, the Alliance has so far attracted ten members from across the fintech spectrum, including Wirecard, Ingenico, SlimPay, investify, SatoshiPay, OptioPay, Tradico, crossinx, Ebury and Fintech Group.
Speaking at the kick-off event in Frankfurt, co-founder Marc Tenbücken says: “It is important to foster mutual understanding between decision-makers and the fintech sector by establishing a sustained dialogue and a regular exchange of information.”
The meeting was also addressed by financial affairs MEP Markus Ferber, who welcomed the establishment of “a dialogue and cooperation in important regulatory questions in Europe”.
Alliance members are now working on a first draft for EFA’s statutes and plan to organise a policy day event in Brussels before the end of the year, says Tenbücken.