Red tape
Brussels moves to boost Europe's fintech sector
Commission plans to present legislation early next year that will remove administrative hurdles for cross-border operations
Brussels will propose pan-EU licences to help some fintech companies operate across the bloc, as it fights US and Asian dominance of the burgeoning industry.
The European Commission is to present draft legislation early next year to remove administrative hurdles to the cross-border operation of crowdfunding sites and online peer-to-peer lending services.
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