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2019 UPDATE | European Union

2019 UPDATE | European Union

by Starling Insights

Starling Insights Editorial Board

Mar 26, 2019

Compendium

In March 2018, the European Commission unveiled an action plan to harness the opportunities for technology in the financial services sector, with the stated goal of making Europe the “global hub for FinTech.”1 

In the plan, the EC also referenced the regulatory implications, commenting that new technology “can facilitate, streamline and automate compliance and reporting and improve supervision.”2 

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