The Growing Popularity of Marketplace Lending or P2P Lending
The financial crisis of 2008 resulted in a global economic disaster and several events where banks began to impose stricter laws against consumer lending. Newer regulatory actions spawned to dry up credit to customers and businesses. Quick and simple loans became...
Norwegian Ministry of Finance Adopts a New Regulation on Debt-based Crowdfunding
In recent events, the Norwegian Ministry of Finance has implemented a new regulation in the debt-based crowdfunding arena. With the implementation of this new regulation, the Ministry of Finance has put a lid on the uncertainty related to the lender’s activity authorization on debt-based crowdfunding platforms.
How Open Banking Will Regulate Digital Economy
PSD2 was first introduced to the world in January 2018 to regulate the payment and finance sector in EU countries. The directive was launched to force big banks to share access to data with third-party providers (TPPs) promoting competition and bring innovation in the...
Open Banking and PSD2 will Push Innovation
What is PSD2? The monopoly of banksThe EU directive PSD2(Payment Service Directive 2) are made so that payments and security of consumers can be taken to the next level. To allow for this to happen the PSD2 makes it easier for small startups and others that want to...
