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EU Proposed Law Aims To Make Friends With FinTech

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s exit from the bloc next year, the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region. According to news from Reuters , a document by the European Commission revealed that the law would enable the FinTech sector to grow through crowdfunding and common blockchain technology standards. “An

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Bad Loans Slow Banks In FinTech Race

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In addition, the EBA said banks might be burdened with old technology, Reuters reported. The news comes as the EU’s executive is set to propose a draft law aimed at boosting the FinTech market throughout the region as the EU prepares for the U.K.’s s exit from the bloc next year.

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Collaboration Is Key For Consensus On Cross-Border Payments

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Different regions have their own unique payment rails, and no two abide by the same regulatory framework. Other initiatives are being spearheaded across regions. Businesses that use real-time payments are more competitive, as the technology is becoming the standard for global commerce. So, what’s the problem? What’s Changing?

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Asia Pacific Ramps Up eProcurement Push

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Latin America is often considered to be the world leader in electronic invoicing thanks to government mandates, but the Asia Pacific region is quickly gaining steam in its eInvoicing efforts, too. Progress has been made in modernizing information technology services for taxpayers,” he stated. However, further reforms are needed.

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 FinTech Collaborations and Frameworks Gain Steam in Asia

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That improvement can come as the gains may be seen across digitalization and networking efforts and China’s financial technology can be at the “international leading level.”. The deal will, in turn, allow Cryptix to apply for a license as an investment firm in the region, focusing on financing solutions for small- and medium-sized companies.

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Kuwait Debuts FinTech Sandbox

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As evidence that sandboxes are ever-increasingly a global phenomenon, Kuwait’s central bank put forth guidelines this week that are geared toward companies seeking to meld financial technology (FinTech) and financial services (FinServ). The sandbox, Reuters reported, has four phases.

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What Will Connect Connected Vehicles? The Debate Heats Up

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Less abstractly, the future of the automotive industry — along with the payment and commerce tasks associated with it — depends significantly on the type of technology that ties together web-enabled cars and trucks with outside networks. What do the connections connect to themselves? A debate about those connections is heating up in Europe.