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EU launches new fintech platform forum

Two colleagues working on new global financial strategy plan using tablet and laptop.Modern business team innovation concept.Project meeting at office with virtual graph and chart data interface.

The European Commission and ESAs have announced the launch of the European Forum for Innovation Facilitators (EFIF). There are currently 21 innovation hubs and 5 regulatory sandboxes in the EU, and the regulators want to create an environment in which start-ups can scale up and flourish.  They hope the EFIF will allow sharing of experiences not only between EU regulators but also sometimes with third-country supervisors as well.

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