EU Authorities To Launch Payments ‘Innovation Forum’

A new “innovation forum” chaired by the European Central Bank (ECB) and European Commission will meet later this month to discuss the potentially transformative impact instant payments and incoming reforms could have on traditional financial firms.

Ralf Jacob, unit head of retail financial services and payments within the commission’s FISMA department, announced last week that the forum will convene for the first time on November 29.

Jacob said the group will be co-chaired by ECB executive board member Yves Mersch and FISMA director-general Olivier Guersent, and will “bring together the chairs of national payment committees” at the European level.

To continue reading...

Our Key Benefits

PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.

We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.

We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.