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European Financial Services Round Table

Wednesday, June 14, 2017
EFR input to the European Commission's consultation on FinTech

On 14 June 2017, The European Financial Services Round Table (EFR) has submitted its reaction to the European Commission's consultation on FinTech: A more competitive and innovative European financial sector.

The EFR addresses particularly the issues of Improved access and innovative financial services through AI and IoT; the enablement of efficient infrastructures; making the single market more competitive; and balancing data sharing with security.

The EFR emphasises that it is important that the European regulatory framework permits a competitive and innovative environment due to the impact on Europe's financial infrastructure, but also for the real economy with consumers and business benefitting from improved financial services.