EACT supports the European Commission’s proposal for a new Digital Finance Strategy for Europe

The EACT published today its response to the European Commission’s (EC) consultation on a new Digital Finance Strategy for Europe. In our response we emphasise the importance of balancing innovation with adequate end-user protection when developing a new Digital Finance strategy.

In our view a dedicated Digital Finance Strategy could deliver several benefits to EU end-users of financial services – ranging from harnessing the benefits of more interconnected data flows and more cost-efficient access to financial services to a potential simplification of compliance processes, such as those for AML, through use of digital solutions.

We also highlight that a regulatory framework on the use of Artificial Intelligence and related solutions such as Machine Learning and Robotic Process Automation could facilitate a greater uptake. Some of these solutions are already starting to be used in corporate treasury and clarifying questions of liability and creating legal certainty for end-users could accelerate this process.

Download EACT Response to Consultation (PDF)

View Document

Subscribe to the EACT Newsletter

News


EACT Newsletter - March 2021

Photo from EACT Newsletter - March 2021

The latest edition contains the European financial market regulatory round-up, a roundtable with GLEIF on the use of the LEI in treasury, and more information about the 2021 EACT Award

View More

Podcast | Central Bank Digital Currencies: What Treasurers Need to Know

Photo from Podcast | Central Bank Digital Currencies: What Treasurers Need to Know

Jean-Marc Servat, EACT, takes a deep dive into the world of crypto assets to discuss why Central Bank Digital Currencies (CBDCs) are capturing the attention of finance professionals.

View More

EACT Newsletter - December 2020

Photo from EACT Newsletter - December 2020

The latest edition contains the 2021 EACT Award, an interview with EACT Chair, Jean-Marc Servat, and more information about the upcoming Libor transition.

View More

EACT Joins Global Coalition to Fight Financial Crime

The EACT has become a member of the Global Coalition to Fight Financial Crime (GCFFC).

View More

Royal Avebe Wins First DACT Treasury Award

After an exciting battle, the winner of the DACT Treasury Award 2020 has been announced.

View More