ACCIS presents Best Practices report on BNPL services and data

Mar 26, 2024 | News

At an event with BNPL stakeholders, ACCIS announced today the release of a report addressing the critical intersection of Buy Now, Pay Later (BNPL) services and European credit referencing practices. Titled “Protecting and empowering consumers of BNPL products:...

ACCIS introduces the second edition of groundbreaking credit literacy initiatives

Mar 18, 2024 | News

The landscape of financial and credit literacy is rapidly evolving, and in response to this, ACCIS initiated groundbreaking efforts back in 2022 to address this crucial aspect within our industry. Coinciding with the launch of the 2024 Global and European Money Weeks,...

ACCIS response to the European Commission’s call for evidence on the GDPR

Feb 8, 2024 | Managing Data

In this response, we express concerns about perceived imbalances in GDPR enforcement. We also note that the absence of clear guidance exacerbates the situation, especially in cases where the GDPR falls short in providing necessary clarity. Members of ACCIS assert that...

Joint Industry Statement on AI Definition

Jan 16, 2024 | Digital Transformation

In this industry statement on the AI definition, a collaborative effort signed by ACCIS and various prominent industry financial services, we emphasize that traditional, statistical techniques used in credit scoring – e.g. logistic regression – warrant...

ACCIS feedback on the European Commission’s proposal on Financial Data Access (FIDA)

Oct 31, 2023 | Digital Transformation

In our feedback paper on the European Commission’s proposal on Financial Data Access (FIDA), we state that the proposed framework represents a positive step toward responsible and innovative financial services within the European Union. However, there are crucial...