The European banking authority is worried about the delay of certain payment players in their compliance with Brexit. While major disruption is unlikely, the smaller players could cause a few hitches.
On the eve of the fateful date of Brexit, the European banking authority (EBA) is still worried. Some payment solutions providers have still not taken the necessary steps to be able to continue operating from the UK beyond December 31, the EBA worries.
Admittedly, this recall does not concern the big players in the sector, they have already put in place the necessary measures, explains a source close to the matter. However, risks remain on the side of fintechs, which would not have had the financial means to adapt.