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Europe Daily Bulletin No. 12795

22 September 2021
ECONOMY - FINANCE - BUSINESS / Banks
Growing use of digital platforms raises regulatory issues, says European Banking Authority
Brussels, 21/09/2021 (Agence Europe)

The European Union’s banking and payments industry is increasingly using digital platforms to keep in touch with customers, and this trend is accelerating in order to satisfy the quest for customer convenience and reduce costs, the European Banking Authority (EBA) said in a report published on Tuesday 21 September.

Such an approach creates “new forms of financial, operational and reputational interdependencies” within the banking and payments sectors, the Authority notes. And, although...

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ECONOMY - FINANCE - BUSINESS
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