EU risks creating unlevel playing field in fintech – EBA report

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Europe risks creating an unlevel playing field for financial technology companies, the European Banking Authority warns in a report.

European Union countries are taking different approaches to authorising fintech companies, the report says. Some are basing authorisation on whether a company meets certain conditions before it becomes active in the market. Other jurisdictions require companies to meet supervisory requirements “on an ongoing basis”, the EBA says, including meeting limits on

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