Brexit has the potential to affect each of these, and all financial services firms should be evaluating the impact of Brexit on these aspects of their business.
In Finland, many important payment-related projects are under way, such as utilising the data content of electronic invoices, bank statement information and information contained in purchase transactions, and also the construction of an income register. The projects may, if successful, bring significant benefits and cost savings to consumers, businesses, financial service providers and also to the public sector.