What We’re Working on at EDFA?

Supervisory Board Meeting in Paris

Last month, we held our Q2 Supervisory Board Meeting in Paris, welcoming representatives from across our network for strategic discussions on public affairs, cross-border engagement, and deeper member collaboration. Special thanks to France FinTech for their gracious hosting. 

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Meetings with EBA and ESMA
We convened two high-level meetings with the European Securities and Markets Authority (ESMA) and the European Banking Authority (EBA) to discuss ongoing regulatory developments, including PSD3, FIDA, crowdfunding, open finance, and AI.

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EDFA Webinar: Upcoming EU Legislation and its impact on Fintech Business Models
EDFA jointly hosted a webinar on the EU Capital Markets Reform and its implications for fintech business models. The session decoded the European Commission’s targeted consultation and how it could impact firms across the payments, crypto, AI, and crowdfunding sectors.

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Fintech Visits DG Fisma
In May, the Fintech Visits DG Fisma meeting took place, where ItaliaFintech, alongside several of its member companies, presented the Italian fintech market to the European Commission, highlighting the most pressing regulatory issues for the sector.

👉 Check out our post on LinkedIn



Capital Markets Integration Consultation

The European Commission has launched a targeted consultation on capital markets integration as part of its new Savings and Investments Union (SIU) strategy, a key step in enhancing how the EU channels savings into productive investments.

This initiative presents a rare opportunity for stakeholders to shape policies that will directly impact digital finance and fintech, from digital payments to lending and beyond.

EDFA is currently working with its network to prepare a coordinated response and ensure that the voice of the digital finance ecosystem is well-represented.
🔗 Read more about the consultation

Public Affairs

ESMA’s Consultation Paper on the Retail Investor Journey

EDFA invites all members to take note of ESMA’s Consultation Paper on the Retail Investor Journey, open until July 21st. This paper seeks input on the regulatory experience of retail investors, aiming to understand how current frameworks impact market participation. Though geared toward investor organisations, it also holds relevance for MiFID II-regulated entities, credit institutions, and fintech service providers. If your organisation has insights to share, we strongly encourage your participation.👉 Read more



ECON Reports: New Openings for Strategic Input

The European Parliament’s ECON Committee has released a series of insightful reports on financial stability, NBFIs, and AI in finance — all highly relevant for digital finance stakeholders. EDFA highlights the key takeaways and what they could mean for the fintech ecosystem.

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Strategic Signals from Brussels
As the EU pushes forward with PSD3/PSR, FIDA, and competitiveness initiatives, new narratives are emerging around fintech, financial stability, and the future of digital finance. Discover the regulatory trends we're tracking and why now is a pivotal moment for EDFA and its members.

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EBA's Consultation on the new AML Package

The European Banking Authority's consultation for the new AML package closes today, Friday, 06 June 2025. These technical standards will be central to the EU’s new AML/CFT regime, shaping AML/CFT compliance for institutions and supervisors. We are closely working with the EBA and the new AMLA to address the impact of this package on Fintechs across Europe.

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Contribute to EU Digital Investment Consultations

Contribute to the stakeholder consultations launched in the context of two parallel, forward-looking studies commissioned by DG CNECT on the needs for investments in digital technologies.

1. Study on “the EU’s critical digital capacities deployment beyond 2027”, focusing on the deployment of digital technologies and infrastructures, and the related skills development  (support letter & EC website)
2. Study on “Key considerations for strategic digital technologies for FP10”, focusing on the research, development and innovation of strategic digital technologies  (support letter & EC website)

The surveys are open until 13^th June COB, and the links to access those surveys are available below and through DG CNECT website:



👉 Stakeholders’ survey - survey covering all aspects of the design of the next programmes, open to all types of stakeholders



👉 Market survey - a complementary short survey for market players (Large and small companies), focused on companies’ needs



"Invest Europe" Label Launched to Boost Long-Term EU Savings and Investment

The European Commission, especially Commissioner Maria Albuquerque for the Savings and Investment Union's released the "Invest Europe" label for savings products.



This new European savings product label, a joint initiative by Estonia, France, Germany, the Netherlands, Portugal, Luxembourg, and Spain, aims to provide savers throughout Europe with access to reliable, long-term investment products. These products are intended to support innovation, sustainable growth, and economic resilience within the EU.



The criteria for the "Invest Europe" label include:

• At least 70% of assets invested within the EU, with a strong focus on equity.
• Minimum five-year investment horizon to encourage long-term holding.
• No public capital guarantees, ensuring transparency and investor responsibility.

We are currently collaborating with DG FISMA to ensure that Fintech offerings will be eligible for this label in the future. Press corner | European Commission



Call for Evidence on the Retail Investor Journey and UCITS Directive Review

ESMA is calling for evidence on the Retail Investor Journey. This Call for Evidence is of particular interest to investors and consumer groups interested in retail investment products, management companies of Undertakings for Collective Investment in Transferable Securities (UCITS), self-managed UCITS investment companies, depositaries of UCITS and trade associations. Call for Evidence on the Review of the UCITS Eligible Assets Directive

Working Group Updates