Tag: EU regulation

The term "deregulation" is increasingly prevalent among global policymakers, with a common narrative about cutting through the bureaucratic red tape that supposedly stifles competition. Since the 2008 financial crisis, financial institutions have been operating under a dense regulatory framework designed to mitigate risks and uphold financial stability.

Three payment industry veterans have launched Konsentus, a new RegTech company enabling financial institutions to meet PSD2 open banking requirements.