New BI Intelligence Report Provides Insight on European FinTech Regulation

Business Insider recently released its BI Intelligence Fintech Regulation Report which provides a window into European regulators and regulations impacting the global disruptors broadening the scope of  financial services. The report examines EU laws governing fintech, highlights how European regulators are a global model for advancing interests, and proposes a path through which government, regulators and fintech companies can work together to achieve goals.

Key insights include:

• The fintech industry is enjoying big VC-backed investment, growing 106% in 2015 to reach $13.8 billion (£10 billion).
• The U.S. and European Union have both taken active approaches to regulation, with the goal of encouraging growth.
• PSD2, the “Second Directive on Payments Services” is identified as the EU regulation of greatest impact, seeking to “force banks to open up their systems to fintechs” and “will allow fintechs to act as intermediaries between banks and their customers”.

Access the full report here.