Following the recent Supervisory Board Meeting (SBM) held in Budapest on September 9th, we are pleased to share a detailed overview of the current activities and priorities of our active Working Groups.
Payment Services and Open Banking Working Group
The Payment Services and Open Banking Working Group continues to focus on long-term regulatory developments, with particular attention to PSD/R and FIDA. The group has finalized its positions, which have been shared with relevant stakeholders, and is actively monitoring the outcomes of the trialogue negotiations. Coordination with ETTPA remains strong, ensuring strategic alignment across the European payments ecosystem. These efforts aim to support a harmonized regulatory framework that enables innovation while safeguarding consumer protection and financial stability.
AI and Digital & Data Security Working Group
On September 16, the Working Group, coordinated by Jeremy Sulzbacher convened to discuss the mapping of risks related to Artificial Intelligence and Machine Learning in fintech services.
This initiative is part of a broader effort to develop a taxonomy for AI in financial services and to anticipate future regulatory challenges, including agentic systems and social scoring. The group’s work is supported by ongoing dialogue with stakeholders at the ECB, EBA, and European Parliament.
ECSP (Crowdfunding) Working Group
The ECSP Working Group has made significant progress in recent months. EDFA has published its position paper on the European Crowdfunding Service Providers (ECSP) regulation. The group has also begun planning for 2026, with a focus on expanding outreach and strengthening ties with national crowdfunding associations. These efforts aim to foster a unified voice for crowdfunding across Europe and support the development of a more accessible and scalable market for retail investors.
Blockchain Working Group
The Blockchain Working Group, formerly known as the Crypto WG, is undergoing a strategic revitalization. The group is currently addressing regulatory reforms such as the DLT Pilot Regime and MiCAR implementation, while also exploring the broader debate around Central Bank Digital Currencies (CBDCs) versus stablecoins. A dedicated meeting is planned for the autumn, and the October edition of Fintech Café will be entirely focused on this topic. EDFA members and partner associations will be invited to share their perspectives, contributing to a more unified European stance on digital assets. The group is also expanding its network through active engagement with European and national blockchain associations.
Task Force on the 28th Regime
The 28th Regime aims to introduce a single set of rules, including a digital-by-default EU corporate legal framework, designed to help companies overcome barriers when setting up, scaling, and operating across the Single Market. This initiative is particularly relevant for fintechs and their advisors. The call for evidence closes on September 30, and the EDFA Task Force will prepare a joint statement while aligning national positions.