The European Banking Authority (EBA) continues to lead the conversation on digital finance innovation, focusing on the evolving landscape of financial services. On 22 January 2025, the EBA is hosting a pivotal Workshop on White Labelling at its headquarters in Paris, bringing together industry leaders, innovators, and regulators to address the opportunities and risks associated with this growing phenomenon.
finker has been invited to participate in this exclusive workshop, offering its insights and expertise on the evolving landscape of financial services, with a particular focus on licensing-as-a-service (LaaS) and white labelling. This invitation reflects finker’s involvement in the ongoing discussions and developments around financial innovation.
Why White Labelling Matters
White labelling, or licensing-as-a-service, allows firms to leverage the financial licenses, technology, and infrastructure of established players to offer their own branded financial products and services. This model has gained significant traction across Europe, offering a pathway for companies to rapidly enter the financial services market while focusing on innovation and customer experience.
However, this growing trend also raises important questions:
- What are the inherent risks of white labelling?
- How can regulators ensure compliance while fostering innovation?
- What does this mean for consumers in terms of transparency and accountability?
The EBA’s workshop will address these questions, examining the practical operations of white labelling in the financial sector and identifying opportunities and risks at the product, service, and regulatory levels.
finker’s Role in Shaping the Discussion
Finker’s invitation to the workshop underscores its reputation as a forward-thinking firm driving innovation in the financial sector. With a strong track record in leveraging cutting-edge technologies and navigating complex regulatory environments, finker is uniquely positioned to provide valuable perspectives on the following:
- Opportunities in White Labelling: How white labelling can democratize access to financial services and enable firms to scale faster.
- Risk Management: Balancing innovation with regulatory compliance and ensuring operational resilience in white-labelling models.
- Consumer Protection: Ensuring that white-labelled services maintain transparency, accountability, and high standards of consumer care.
As part of the workshop, Finker will share insights drawn from its experience in implementing licensing-as-a-service models and collaborating with financial institutions across Europe.
EBA’s Priorities in Digital Finance
The EBA workshop aligns with its broader priorities in digital finance for 2024/2025, which include:
- Supporting the implementation of the Markets in Crypto-Assets Regulation (MiCA).
- Overseeing the rollout of the Digital Operational Resilience Act (DORA).
- Fostering responsible and ethical use of AI in financial services.
- Enhancing consumer protection and promoting sustainable finance through innovation.
White labelling plays a crucial role within this framework, offering both challenges and opportunities that the EBA seeks to address through workshops like this one.
Looking Ahead
finker’s participation in the EBA’s Workshop on White Labelling represents an exciting opportunity to help shape the future of financial services in Europe. By contributing to this important dialogue, finker reaffirms its commitment to driving innovation while upholding the highest standards of compliance, consumer protection, and market integrity.
Stay tuned as we share more insights from the workshop and continue our mission to transform the financial landscape for the better. Together with regulators, industry leaders, and innovators, we pave the way for a more inclusive and resilient financial ecosystem.
Disclaimer: DIagram sourced from the European Banking Authority (EBA) website. All rights remain with the EBA.
