where the name of a merchant from the account statement does not coincide with the merchant’s trademark and thus hinders the identification of unauthorised payment transactions; 1  https://ec.europa.eu/info/publications/200924-digital-finance-proposals_en Directive (EU) 2015/2366 of the European Parliament and of the Council of 25 November 2015 on payment services in the internal market, amending Directives 2002/65/EC, 2009/110/EC and 2013/36/EU and Regulation (EU) No 1093/2010, and repealing Directive 2007/64/EC 2  1  - Unifying the regulatory regime applicable to electronic money institutions and payment institutions, by repealing the Electronic Money Directive3, and including issuance of electronic money as a new type of a payment service; - Standardisation of the application programming interfaces (APIs) used by the industry. Regulation of the concept of the so-called ‘open finances’- access to financial and non-financial institutions to a broad range of financial information regarding the customers with the latter’s consent with a view the provision of innovative services is expected to be proposed by mid-2022 building on the experience gained in the implementation of ‘open banking’; - Review of the services falling within the remit of the Directive. Presently, PSD2 does not cover services provided by ‘technical services providers’, who support the provision of payment services without coming into possession of the funds.

Further steps to digitise financial services in the EU The further development of digitisation will continue to be among the main priorities, and the following measures are expected to be taken in order to accelerate these processes and reach their full potential at European level: 4.1. Eliminate the fragmentation of the digital single market by: - Legislative changes aimed at creating opportunities for interoperable use of digital identity throughout the European Union. This will allow easy ‘onboarding’ of new customers entirely online, in full compliance with the requirements for combatting money laundering and terrorist financing; - Facilitating cross-border provision of financial services, including by introduction of a harmonised regime for new activities such as crowdfunding, credit intermediation, and cryptocurrency services; 4.2. Adaptation of EU legislation to facilitate digital innovation: - Regulation of activities with cryptocurrencies and financial instruments based on tokens by introducing a comprehensive regulatory framework by 2024, allowing the implementation in the financial service sector of distributed ledger technology (DLT) and cryptocurrencies, taking into account the related risks;  3  - Promoting cooperation and use of cloud computing infrastructure, including through the development of a legislative framework for the supervision of information and communication technology (ICT) providers for the financial sector; - Promoting the use of artificial intelligence tools in the financial services sector; - Adherence to the principle of technology neutrality of legislation, combined with the issuance of interpretative guidelines on how existing legislation on financial services should be applied to new technologies in order to reduce legal uncertainty. - 4.3.