What We’re Working on at EDFA?

EDFA Board Election & Supervisory Board Meeting 
Earlier this month, EDFA held its Supervisory Board Meeting and Board of Directors election in Vilnius, hosted by Fintech Hub LT. Alongside strategic discussions and program updates, we welcomed our newly elected Board of Directors: Don Ginsel, Alessandra Guion-Gambrill, Ana-Maria Georgescu, Florence de Maupeou, Gabor Davidhazy, Jiri Hauptmann, Karsten Wenzlaff, Niklas Sandqvist, and Piotr Brewiński. We thank all outgoing board members for their dedicated service and contributions to EDFA’s growth.



Fintech Visits to DG FISMA
This month features the Czech fintech ecosystem, presented by the Czech Fintech Association and two standout market players. These visits are a core part of our engagement with the European Commission, showcasing fintech diversity across member states.



Bridging Borders: Fintech & National Regulators
Our new flagship initiative launching in June in Amsterdam, bringing together national regulators and fintechs in structured dialogue.
More sessions are currently being shaped – stay tuned!



EDFA Working Groups
Two major position papers on FIDA and PSD3/PSR1—were recently published, marking a key milestone in EDFA’s policy work. These papers reflect the active engagement and expertise of our Working Groups, which bring together fintech voices from across Europe and offer a truly multi-market perspective on regulatory developments. 



Joint Letter on FIDA Regulation

EDFA is a co-signatory, alongside AEFI, AFEPAME, EMA, ETPPA, France FinTech, FRIDA, PSD2SIG, and the Swedish FinTech Association, of an open letter sent on 31 March 2025 to the European Commission and Parliament.

The letter confirms the ecosystem’s support for the Commission’s proposal for a regulation on access to financial data, while also calling for a number of targeted adjustments to the proposed FIDA regulation to strengthen its implementation and impact. View the letter here



EDFA Response: Savings and Investment Union
EDFA has responded to the European Commission’s Call for Evidence, highlighting the role of Fintech in boosting financial inclusion, innovation, and cross-border investment access.
We call for stronger integration of digital solutions, better regulatory consistency, and fair treatment of Fintech in the Capital Markets Union. Read the full response here



Next EDFA Gathering in Paris
Our Q2 Supervisory Board Meeting will take place in May in Paris, alongside FinTech R:Evolution, hosted by France Fintech.

Interested in joining EDFA’s Working Groups? Visit our working groups info page and join!



Open Finance & Payment Services

Published Position Papers:

• Payment Services (PSD3 & PSR1)
  EDFA calls for stronger data standards, fair access to payment infrastructure, and clearer rules for fraud liability and licensing.
  Read the full paper

• Financial Data Access Regulation (FIDA)
  EDFA supports the expansion of open finance but raises concerns about compensation, consent management, and implementation timelines.
  Read the full paper

An advocacy plan with the recommended role of the markets will be circulated shortly.



ECSP-R Implementation (Crowdfunding & Alternative Finance)

The group meets monthly to address market best practices, data challenges, and ECSP-R evaluation. A position paper is currently in development and expected for publication in May. The Working Group will be reaching out to EDFA members to comment on national development in Crowdfunding. 



AI, Digital & Data Security
This freshly established group is shaping strategic priority topics of the EDFA on the subject of AI and Digital & Data Security and regulatory files to monitor. We invite all members to share their views here to allow building up a strong and coherent strategy.



Consumer Credit, Communication & Taxation

This group is parked now after a successful campaign on Consumer Credit and Distance Marketing in Financial Services Directives. Like in the case of the above-mentioned WGs it will resume activity later this year to define focus areas of the EDFA.



Coming Soon: Crypto Working Group
We’re preparing to launch a dedicated working group focused on crypto-related regulation. Stay tuned!