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The Bulgarian Fintech Association became a co-signatory of a Proposal for action in the field of financial technology and innovation. The ideas were submitted by a number of European Fintech Associations to the European Commision.  The proposals in the common position of the sector are:   The creation of a Single European Standard for Open Banking; Harmonisation of the methods of electronic and remote identifiction so that obliged entities in all members states can useRead More
The European Banking Authority (EBA) has published its EBA Report on Regulatory perimeter, regulatory status and authorisation approaches in relation to FinTech activities of 18 July 2019 describing the regulatory framework applicable to fintech firms when accessing the market. The report sets out the EBA’s findings from an analysis of national developments on the regulatory perimeter for fintech activities and services, the national regulatory status of fintech firms and the authorisation approaches of national competent authorities (NCAs)Read More
На 26.07.2019 г. в Народното събрание на първо четене бяха гласувани последните промени в Закона за изменение и допълнение на Законопроекта за мерките срещу изпирането на пари (ЗИДЗМИП).  От публично достъпните стенограми става ясно, че както по време на обсъждането на промените в парламентарна Комисия по вътрешна сигурност и обществен ред, така и в рамките на сесията на Народното събрание, не е разгледана нито една от темите, които вече сме повдигали в рамките на предходнитеRead More
The team of Paynetics and Phos Photo by: Raiffeisen Bank Bulgaria This year’s edition of Raiffeisen Bank’s Elevator Lab Challenge ended with a great success for one of our founding members Paynetics and their project Phos.  After a day of mentoring and pitching sessions, Phos was chosen as the winner in Reiffeisen Bank’s competition. The start-up will receive a wildcard to pitch directly on the global semifinals of Elevator Lab Challenge. The company also starts a PoC with the bank’sRead More
Over 50 people gathered at the event Our second networking event under the motto “Meet the New Members” took place on the 3rd of July in the delightful setting of bar “Kino Kultura”.  The goal of the event was the same as the aim of its previous edition – to provide an opportunity for networking and exchange of ideas in a more informal setting. We brought together over 50 people from different backgrounds who share a commonRead More
We once more have a reason to be proud of our members!  Phos and Phyre – two of Paynetics’ projects, and Reloyalty are among the finalists in Reiffeisen Banks’ Elevator Lab Challenge! Phos is a solution which will benefit the small and medium enterprises by transforming their smartphones into POS-terminals. Phyre is a digital wallet for mobile payments, ditial loyalty cards and peer-to-peer payments. Reloyalty is a dynamic loyalty platform which gathers information about the user’s behaviour and crafts customer discounts accordingly.   ElevatorRead More