02 July 2019
German implementation of AMLD5: Performance of anti-money laundering due diligence by third parties under the draft bill for the implementation of Directive (EU) 2018/843
www.twobirds.com/en/news/articles/2019/germany/german-implementation-of-amld5

The German Ministry of Finance published a proposal to implement Directive (EU) 2018/843 (fifth Anti-Money Laundering Directive) into German national law. The draft proposes changes when using trusted third parties.

16 August 2019
PSD2: Germany’s BaFin pulls emergency brakes on account interfaces. Fintechs stand to benefit, banks must step up their game.
www.twobirds.com/en/news/articles/2019/global/psd2-germanys-bafin-pulls-emergency-brakes-on-account-interfaces

Germany’s Federal Financial Supervisory Authority (BaFin) concludes in a circular that bank’s new account interfaces do not conform to PSD2 requirements. They may thus not switch off access through existing interfaces.

10 August 2016
FinTech Company Holvi sold to BBVA
www.twobirds.com/en/news/press-releases/2016/global/fintech-company-holvi-sold-to-bbva

26 October 2020
Czech Bird & Bird transactional team has assisted KB SmartSolutions, s.r.o. with strategic investment into Lemonero s.r.o. , a new FinTech start-up
www.twobirds.com/en/news/press-releases/2020/czech-republic/bird-bird-transactional-team-has-assisted-kb-smartsolutions-with-strategic-investment-into-lemonero

Czech Bird & Bird transactional team has assisted KB SmartSolutions, s.r.o. with strategic investment into the FinTech company Lemonero s.r.o. through the acquisition of shares in its parent company MonkeyData s.r.o..

17 May 2019
Liberation of Crowdfunding in germany
www.twobirds.com/en/news/articles/2019/germany/liberation-of-crowdfunding-in-germany

German Legislator reforms rules for crowdfunding allowing for broader exemption, transparency and investor protection

07 May 2019
PSD2/ZAG: Strong Customer Authentication and Direct Debiting Schemes
www.twobirds.com/en/news/articles/2019/germany/psd2-zag-strong-customer-authentication-and-direct-debiting-schemes

German regulator BaFin limits the application of strong customer authentication for direct debiting schemes.

25 March 2019
Launch of the EBA Register of Payment Institutions (PIs) and Electronic Money Institutions (EMIs) under PSD2
www.twobirds.com/en/news/articles/2019/global/launch-of-the-eba-register-of-payment-institutions-pis-and-electronic

On 18 March 2019, the European Banking Authority (EBA) launched its central electronic register under the Payments Services Directive (PSD2).

09 April 2019
EBA publish their final report on their guidelines on outsourcing arrangements
www.twobirds.com/en/news/articles/2019/global/eba-publish-their-final-report-on-their-guidelines-on-outsoucing-arrangements

On 25 February 2019, the European Banking Authority (EBA) published their final report on their guidelines on outsourcing arrangements.

07 May 2019
The EC puts an end to decades of competition law enforcement against interchange fees: What's next for interchange fees?
www.twobirds.com/en/news/articles/2019/global/ec-puts-an-end-to-decades-of-competition-law-enforcement-against-interchange-fees

We provide below a brief recap on the many-many years of competition law enforcement by the European Commission (EC) against interchange fees, a summary of the EC decision of 29 April 2019 related to Visa's and ...

27 November 2017
A Busy November in the "Fin-Techy" Lion City
www.twobirds.com/en/news/articles/2017/singapore/a-busy-november-in-the-fin-techy-lion-city