The summer of 2023 has brought about some significant regulatory and legislative developments that, in perspective, will lead to significant changes in financial ecosystems, pushing towards ever more sustainable, accessible, and secure innovation

On June 28th, the legislative process for #PSD3 began, which, when fully implemented, will bring benefits such as improved user data control, increased transaction security, and API standardization for true open finance;

In the same month, the #MiCAR (Markets-in-Crypto-Assets Regulation) legislation on virtual assets was published in the Official Journal of the European Union. We are at the forefront with Kline and its already operational solution for creating private secondary markets for the Exchange of NFTs and Security Tokens on the blockchain.

Other very current topics include:

The area of #Innovative #Payments, aiming to create instant, digital, secure, easily reconcilable payment systems that also enhance what already exists in the SEPA area (TIPS, SCT Inst);

And that of identity, with the European Digital Identity Wallet (#EUDI), which will bring a pan-European system for sharing identity and documents, simplifying onboarding/KYC processes, which are closely monitored by finance operators.

On these and other digital transformation projects, ReActive is working to support its clients in choosing and developing the best solutions, both on cutting-edge technologies (e.g., blockchain and AI) and on evolutionary platforms already in use.

We will continue to update you on these topics through the website.