New European FinTech Association Board to Shape EU Policy

🔥 Main Takeaway

The European FinTech Association just elected a powerful new Board of Directors, signaling a major push for fintech innovation and influence in shaping EU financial policy.

📌 What Happened?

The European FinTech Association (EFA) announced its new Board, bringing together senior leaders from across Europe’s top fintech companies.

Representatives from Wise, Raisin, Stripe, Block, Inc., Revolut, Klarna, N26, Paypal, and Monzo are now on the board, showcasing the sector’s breadth.

Linda Strazdiņa, EU Policy & Government Relations Lead at Wise, was elected President. Marc Roberts, General Counsel at Raisin, will serve as Treasurer.

Established in 2019, the EFA represents over 30 innovative financial technology companies, actively engaging with policymakers in Brussels.

💰 Why It Matters

This strengthens fintech’s voice in Brussels, ensuring innovative providers are well-represented in discussions shaping Europe’s financial future.

The board’s diverse expertise covers crucial policy areas like payments, open finance, digital assets, AI, and cybersecurity, critical for market evolution.

Their focus is on fostering a true European digital single market, aiming to expand access to financial services and drive digital transformation for EU consumers and businesses.

This election highlights fintech’s growing contribution to Europe’s economy, boosting competitiveness and innovation across the continent.

👀 What to Watch Next

Keep an eye on the board’s influence on the implementation of PSD3/PSR and the broader retail payment strategy across the EU.

Their upcoming term will also focus on banking competitiveness, AMLR implementation, and shaping the “28th Regime.”

Expect continued advocacy for an open, innovative, and competitive financial ecosystem, impacting how digital finance solutions reach EU consumers.