Fast and economical transactions

When choosing a USDT payment gateway service provider, it is important to evaluate the speed and efficiency of transactions. Pilsenga stands out in this area, as it offers fast and efficient transaction processing, as well as having competitive rates, especially when compared to other providers or traditional payment methods.

Facilitates conversion between cryptocurrencies and FIAT money

It is important that the payment gateway facilitates the conversion between cryptocurrencies and FIAT money, as this allows the business or merchant to better manage its resources.

Pilsenga ‘s USDT payment gateway, there is the advantage of converting between cryptocurrencies and FIAT money. Pilsenga customers can receive payments in USDT Tether and automatically convert them into FIAT currency (euros or dollars), which will be reflected in the associated IBAN account.

Payment gateway with a high level of security

It is recommended to choose a payment gateway that generates trust and has a high level of security on its platform. In this point, Pilsenga stands out, since its payment gateway is within an ecosystem that has different protocols and security measures, in addition to complying with the main security standards of the financial industry, which allows the platform to have a high level of security and reduce the possibilities of unauthorized access or fraudulent transactions, in addition to protecting the personal or financial data of its users.

Compatibility with other cryptocurrencies

It is important that the payment processor is compatible with other cryptocurrencies, especially the most well-known or globally relevant ones. In this point, Pilsenga stands out, since its USDT payment processor is compatible with other cryptocurrencies such as Bitcoin (BTC) or Ethereum (ETH), which expands the potential customer base and offers greater flexibility/convenience for customers and users in general.

Friendly and intuitive interface

It is important that the payment processor has a friendly and intuitive interface since if the platform is difficult to use, you will not be able to take full advantage of all its functions and tools, and it can also create a negative experience for the business/company and its respective customers. Pilsenga stands out in this regard since its USDT payment processor has a platform that has a friendly and intuitive interface, which makes it easy to configure and use, thus improving the user experience and increasing the level of customer satisfaction.

What do you think about this topic? Do you want to know more about the Pilsenga USDT Payment Gateway?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post USDT Payment Gateway. Why choose Pilsenga? first appeared on Pilsenga blog.

A Crypto Wallet IBAN allows you to link digital assets (such as cryptocurrencies) to traditional bank accounts using an IBAN (International Bank Account Number). However, to ensure that a Crypto Wallet IBAN meets the user’s needs, it is important to choose a suitable provider. Below, we will share some tips for choosing an ideal Crypto Wallet IBAN provider.

Evaluate license type and services

To choose a Crypto Wallet IBAN, it is advisable to evaluate the type of license that the provider has, as this will help us know what type of service they can offer us, which will allow us to evaluate whether the said provider has the capacity to meet the needs of our company or organization, in addition to verifying the legality of said service.

Evaluate costs per operation

When choosing a provider, it is recommended that the costs of each wallet function be evaluated. We can also compare the rates and costs of other providers to choose the alternative that best suits our needs, thus minimizing any additional fees or expenses that may arise. transfers, sending and receiving payments, maintaining the wallet and IBAN account, as well as the costs associated with the exchange, conversion, and purchase/sale of currencies or cryptocurrencies.

Evaluate security measures

When choosing a wallet, it is advisable to evaluate which security protocols and measures the provider implements on its platform. At this point, it is advisable to evaluate whether the provider implements security features such as identity verification, data encryption, and two-factor authentication (2FA), among others, in addition to complying with the different regulations of the sector, since this guarantees certain security standards, which is important to avoid any type of unauthorized access or fraudulent transaction.

Compliance with regulations

When choosing an IBAN Crypto Wallet, it is advisable to evaluate which regulations and laws the provider must comply with to offer such a service. At this point, it is important to verify which is the jurisdiction of the provider’s operations, in addition to the countries where transactions or financial operations can be carried out since there are cases where the provider may be “legal” in some countries and “illegal” in other countries or territories.

Choosing a provider that meets the different standards of the financial industry will allow us to have a platform that has a certain level of quality and security, in addition to helping us avoid sanctions or legal problems in the organization.

Evaluate the level of integration

Evaluating the level of integration of a Wallet is essential to ensure the functionality, security, and usability of the wallet in a financial and cryptographic ecosystem.

A Crypto Wallet IBAN allows you to link digital assets (such as cryptocurrencies) to traditional bank accounts using an IBAN. Testing the integration ensures that the wallet can seamlessly handle SEPA transfers or other banking transactions. A proper integration allows users to handle both digital assets and fiat currencies from one place, making payments, withdrawals, and deposits to bank accounts easy.
Good integration ensures a seamless user experience, enabling fast transfers between cryptocurrencies and fiat currencies, international payments, and access to advanced financial services.

What do you think about this topic? Do you want to know more about Pilsenga’s IBAN Crypto Wallet service?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post IBAN Crypto Wallet: Tips for Choosing an Ideal Provider first appeared on Pilsenga blog.

Increases the risk of asset loss

Some people and companies think that using financial services for businesses increases the risk of losing financial assets (crypto-assets or fiduciary assets) due to the insecurity that may exist in the provider’s online platforms and ecosystems. However, companies authorized to provide financial services have different security measures and protocols within their platform or ecosystem (where their different financial tools operate).

Among the most notable security measures and protocols are the custody of multiple assets, approval of transactions, the identity verification platform, integration of security controls, and two-factor verification, among others.

Hidden commissions

Some people believe that companies offering financial services have “hidden” fees for service maintenance, operations, or transactions. However, financial services are offered by a wide variety of legally constituted companies and financial entities that operate under the main standards and regulations of the financial industry, which forces them to publicly display the fees or commissions they handle, not only for regulation but also to be more transparent, generate trust, be more competitive in the sector, allowing the client to compare these fees with those of other entities and choose the financial services provider that best fits their expectations. And needs.

Exclusive service for large companies

Some individuals and small businesses believe that financial services are for the exclusive use of large companies. However, financial services are designed to offer a wide variety of financial solutions for all types of companies: small, medium, and large.

It is important to note that there are financial institutions that specialize in offering services to companies of a certain size (for example, medium-sized companies), allowing them to efficiently manage their resources through financial solutions that best adapt to their needs and that have the capacity to scale as companies grow and expand their market reach.

High-cost service

Some people and companies think that financial services for companies are expensive, which can generate additional or unnecessary expenses for the company or organization. However, companies that have financial services have the advantage of optimizing their operations and financial transactions, which leads to savings in time, labor, and economic resources, allowing for greater financial efficiency for the entire organization.

Regional and limited service

Some people think that financial services for companies are designed only to operate at a regional or national level, which limits the expansion of their operations internationally. However, most financial services for companies have been designed to be scalable, which allows for market expansion internationally since, through these services, companies can have a presence in different countries, being able to send and receive payments internationally quickly and effectively.

What do you think about this topic? Do you want to know more about Pilsenga’s financial services for companies?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post Five myths about financial services for companies first appeared on Pilsenga blog.

What is a CASP?

The Crypto Asset Service Crypto-asset Service Providers (CASPs) are financial and commercial entities specialized in providing services related to cryptocurrencies or crypto-assets. In order to provide such services while ensuring a certain level of security and transparency, CASPs must comply with certain specific regulatory standards and obtain authorization granted by the Markets in Crypto-assets Regulation (MiCA).

Depending on the services they offer and how CASPs operate, they can be considered financial and/or commercial entities, however, this combination allows CASPs to provide a wide range of solutions related to the management, exchange, and investment in crypto-assets.

CASP, as a Financial Institution

Crypto Asset Service Providers (CASPs) can be considered financial entities when they offer the following services:

Storage and custody

CASPs can offer secure storage and custody solutions for cryptocurrencies or crypto assets, similar to the asset custody services offered by traditional financial institutions such as banks.

Loans

CASPs have the ability to offer lending services similar to the financial services provided by traditional banks. In this case, CASPs provide loans using cryptocurrencies or cryptoassets as collateral.

Exchange

Crypto Asset Service Providers (CASP) have the ability to offer the Exchange service and thus facilitate the exchange between cryptocurrencies and FIAT currencies. Which allows users to align themselves with financial trading services.

Consulting

CASPs are financial entities that have specialists in the field, which allows them to offer financial advisory services related to investments in crypto-assets. Like the advisory services of traditional entities specialized in fiduciary or traditional assets.

CASP, as a Commercial Entity

Crypto Asset Service Providers (CASPs) may be considered business entities when they offer the following services:

Brokerage Service

Authorized CASPs can offer a Brokerage service through which they function as intermediaries to facilitate the purchase and sale transactions of crypto-assets.

Payment processing service

CASPs can offer payment processing services that facilitate transactions for companies and businesses that use crypto assets, making it easier for them to integrate cryptocurrencies into their payment methods.

What do you think about this topic? Do you want to know more about Crypto Asset Service Providers?

Pilsenga products or services, you can contact us by visiting the following link.

The post What is a CASP or Crypto-Asset Service Provider? first appeared on Pilsenga blog.

Compatibility level

Businesses typically have financial systems and tools in place that serve several key functions, such as reporting and analysis of all transactions. For this reason, it is important to consider how compatible the platform is with your existing systems and tools when choosing a business payment processor. For example, payment processors should be able to integrate with your business’s e-commerce platform, accounting software, and other financial tools.

Security level

When choosing a payment processor, the security level of the platform must be considered, since a system with a high level of security will reduce the chances of users’ financial information being compromised or exposed. For this reason, it is important for companies to evaluate the level of security that the provider’s ecosystem has and assess whether it complies with the different security standards of the financial industry.

Accepted payment methods

Businesses should offer their customers a wide variety of payment methods, as this streamlines transactions. business operations and allows the customer to have a better shopping experience. For this reason, it is recommended to check all the payment methods supported on the provider’s platform: credit cards, debit cards, digital wallets, and cryptocurrencies, among others.

Rates and settlement times

Generally, companies have a high flow of operations, especially when they offer high-demand products or services, which is why, when choosing a provider for the payment processor service, it is important to consider the rates and processing times to avoid unexpected expenses and ensure that the payment processor executes the transfers /operations in a reasonable time.

Scalability level

Generally, most companies want to grow and reach new markets. Therefore, it is important for companies to evaluate the level of scalability of the provider’s platform and its entire technological ecosystem.
As a business grows, the number of transactions increases. A “scalable” payment processor can handle tens to thousands of transactions per second without affecting performance or customer experience. Scalability allows processors to adapt to the needs of new markets, integrating different currencies, payment methods, and regulations, facilitating the expansion of businesses or companies globally.

What do you think about this topic? Do you want to know more about Pilsenga’s business payment processor service?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post Payment processors for businesses: Points to consider when choosing a provider first appeared on Pilsenga blog.

This has given rise to the emergence of different organizations and entities, which, through their regulations and standards, allowed financial service providers, companies, and businesses to develop a crypto-asset market with greater stability and integrity. One of the organizations that supported and generated standards for the crypto-asset market was the European Union, which, through the Markets in Crypto-Assets Regulation (MiCA), implements a comprehensive regulatory framework for cryptocurrencies and crypto-assets in general. Below, we will learn more about this regulation:

Markets in Crypto-Assets Regulation (MiCA)

The Markets in Crypto-Assets Regulation (MiCA) is a comprehensive regulatory framework that allows for the regulation of crypto-assets and their service providers. MiCA was established by the European Union with the aim of balancing the benefits of using cryptocurrencies and crypto-assets while protecting consumers, ensuring market integrity, and maintaining financial stability within the European Union. Mica protects consumers and maintains the integrity of the European market by:

Authorization and supervision

Through the authorization and supervision required by MiCA, crypto-asset service providers, issuers of asset-referenced tokens and e-money tokens are required to obtain authorization and be subject to supervision by the competent national authorities before being able to operate, ensuring certain standards of security, legality, and quality in the sector.

Types of crypto-assets

Through this regulation, MiCA identifies and regulates several types of crypto-assets, each with distinct characteristics and requirements. In this way, MiCA seeks to maintain a stable value by backing each e-money token in relation to a single official currency.

Asset-referenced tokens in relation to other assets or a basket of assets seek to ensure that issuers of these types of tokens ensure transparency and maintain reserves to match the value of the tokens issued. In relation to other crypto-assets (such as cryptocurrencies Bitcoin or Ethereum), MiCA seeks to ensure market integrity and consumer protection.

Protecting the consumer

Through this regulation, MiCA includes several measures to protect consumers in the cryptocurrency market, thus seeking to protect cryptocurrency holders and customers of service providers, which guarantees the rights of withdrawal and liability for incorrect information, thus creating a safer and more transparent environment for consumers who make transactions with cryptocurrencies or crypto-assets, thus promoting confidence in the market.

Transparency and disclosure requirements

MiCA requires specific transparency and disclosure requirements for the issuance, offering to the public, and admission of crypto-assets to trading platforms and service providers, as this way it can ensure that consumers and investors have clear and accurate information about crypto-assets.

Uniform rules

Through this regulation, MiCA applies uniform rules for all service providers and crypto-asset issuers that were previously not regulated by existing EU financial services legislation. This allows for a consistent regulatory framework and clearer rules, as well as promoting a transparent and competitive environment for all crypto-asset service providers and issuers in the European Union.

What do you think about this topic? Do you want to know more about the crypto-asset market regulations that Pilsenga adheres to?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post Learn more about MiCA: Regulation on Crypto-Asset Markets in the European Union first appeared on Pilsenga blog.

Currently on the market there are different payment services, which allow businesses to send and receive money seamlessly , efficiently, and transparently to other countries. However, due to the different alternatives currently available on the market, it can be difficult to choose the right provider. Below, we will share some tips for choosing an ideal provider for international payment services.

Speed of payment processing

Typically, most businesses need to make international payments that are processed quickly, either in real-time or in a few seconds. Hours/minutes. For this reason, it is advisable to choose providers that offer fast payment processing, especially to minimize transaction times and avoid possible delays in payments, which is important in companies with high transaction volumes. An example of this is the Pilsenga platform, which works with the SEPA and SEPA Instant system and stands out for its fast processing speed in the European Union.

Security level

Companies generally look for a seamless international payment service (Seamless International Payments). To achieve this goal, it is important that the platform has a high level of security since this allows for the protection of users’ resources and personal information.

For this reason, it is advisable to consider providers that have different protocols and security measures that allow protecting users’ financial information. It is also important that the provider complies with the different standards and guidelines of the financial industry, as this guarantees certain quality and security parameters on the platform.

Types of currencies and market scope

One factor to consider when choosing an international payment provider is the types of currencies and the market reach they offer. It is advisable to evaluate which types of currencies the provider supports and whether the countries of interest are part of the list of countries supported by the provider. For example, we can evaluate whether the provider offers multi-currency IBAN accounts and how many currencies they operate with.

Transaction fees

Companies that need to make international payments should be aware that the provider’s platform may charge fees related to currency conversion, transaction volume, and processing speed, among others. For this reason, it is advisable to evaluate and compare the fees handled by each of the payment service providers. and choose the one that best suits the company’s needs.

Level of integration

Generally, companies have accounting / financial systems and platforms that allow them to efficiently manage their resources, so when choosing a payment provider, it is advisable to evaluate your company’s level of integration. Financial ecosystem and its level of compatibility with the operating systems already used in the company.

If the financial ecosystem integrates seamlessly with any platforms the company already uses, data can flow seamlessly, avoiding duplication of effort. Compatibility with existing systems minimizes the costs associated with implementing new systems or the need for additional staff training. It also reduces the time required for the adoption and adaptation of the new financial ecosystem, allowing the company to begin seeing benefits more quickly.

User Experience

It also reduces the time required for the adoption and adaptation of the new financial ecosystem, allowing the company to begin seeing benefits more quickly. If payments are quick and easy, users will be more inclined to complete their transactions.

What do you think about this topic? Do you want to know more about Pilsenga’s international payment service?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post Seamless international payments: Tips for choosing an ideal provider first appeared on Pilsenga blog.

This is where electric power companies stand out since they are responsible for generating, transmitting, and distributing the electricity necessary for the development and functioning of modern society in general. Next, we will learn about the main electric power companies globally.

State Grid Corporation of China (SGCC)

State Grid Corporation of China (SGCC) is the world’s largest electric power company and is headquartered in Beijing. Founded in 2002, it is currently the largest electric power company in terms of revenue in the world. the world.

State Grid Corporation is a public utility responsible for the operation of most of China’s power grid, which is why it stands out for its significant investments in the generation, transmission, and distribution of electric power. It is worth noting that it is currently a company recognized for its important contributions to the global energy sector and for the expansion of its operations internationally (Philippines, Australia, Brazil, Italy, Portugal, Greece, and Chile).

Tokyo Electron Ltd. (TEL)

Tokyo Electron Ltd. (TEL) is considered one of the most important electric power companies globally, thanks to its contributions to the energy and electronics industries.

Tokyo Electron is a leading Japanese company specializing in the manufacture and sale of semiconductor production equipment and essential equipment for the manufacturing of integrated circuits, flat panel displays, and photovoltaic cells. The company currently operates in Taiwan, North America, South Korea, Europe, Southeast Asia and China.

NextEra Energy Inc.

NextEra Energy Inc. is one of the largest electric power companies in the United States. It specializes in the generation, transmission, distribution, and sale of electric power in 49 states of the United States and is currently committed to guaranteeing the energy independence of that country. NextEra Energy Inc. is considered one of the main electric power companies worldwide thanks to its important contribution to renewable energies, with significant investments in wind, solar, and other renewable energy sources.

Enel SpA

Enel SpA is an Italian multinational company specializing in the production and distribution of electricity and gas. Headquartered in Rome, Enel SpA was founded in 1962 and currently operates in more than 30 countries. It maintains a strong presence in the generation, transmission, distribution, and sale of electricity, standing out for its significant contribution to investment and research in renewable energies, such as wind, solar, and hydroelectric energy.

Schneider Electric SE

Schneider Electric SE is a French specialist and global leader in automation and energy management technologies. Founded in 1836, Schneider Electric SE today offers a wide range of products and services designed to optimize energy use and ensure the reliability of electrical infrastructure, as well as automation and control solutions for industrial processes.

Schneider Electric SE currently has operations in more than 100 countries and is considered one of the leading electric power companies thanks to its contribution and commitment to energy sustainability. Importantly, Schneider Electric SE has been recognized as the most sustainable company in the world by Corporate Knights.

Fortum Corp

Fortum Corp is a Finnish electric power company specializing in the generation, distribution and sale of electric power and heat. Fortum Corp was founded in 1998 and is headquartered in Espoo, Finland. Today, Fortum Corp is a leading renewable energy company with operations in Finland, Sweden, Norway, Poland, and Russia. Fortum Corp is considered one of the leading electric power companies, operating a wide variety of hydroelectric, nuclear, natural gas, wind, solar, and combined heat and power (CHP) plants.

Iberdrola S.A.

Iberdrola SA is a Spanish multinational electric utility company headquartered in Bilbao. It is one of the world’s leading electric power companies thanks to its production, distribution, and marketing of electric power and natural gas.

This company was founded in 1840, however, since 1992 it has focused on the search and investment in renewable energy and electricity distribution, which has led it to become the world’s leading company in renewable energy, standing out for significant investments in wind, solar, and hydroelectric energy.

Southern Company

Southern Company is an American energy company responsible for providing electricity and gas in the southeastern United States. Southern Company was founded in 1945 and is currently considered one of the main electric energy companies worldwide due to its broad level of operation and its commitment to sustainability and resilience, where it stands out for offering innovative solutions.

Electricity of France (EDF)

Electricité de France (EDF) is a French company specializing in the generation, transmission, distribution and sale of electric energy. It was founded in 1946 and is currently considered the largest producer of electric energy in France and one of the largest in Europe.

Electricité de France (EDF) is one of the leading electric power companies worldwide, known for its extensive global presence (United Kingdom, Italy, and Brazil) and its power plant operations, which include nuclear, hydroelectric, wind, and solar power plants.

Uniper SE

Uniper SE is a German multinational electric energy company, which was founded in 2016. As of 2022, it will become a 100% state-owned company. Uniper SE is a company specializing in the generation, transmission, distribution and sale of electric energy and natural gas in Germany and throughout Europe.
Uniper SE is one of the leading global electric power companies, with its headquarters in Düsseldorf (Germany), and operations in major electric power plants, providing energy services and solutions in Europe and the United States.

What do you think about this topic? Do you want to know more about Pilsenga’s financial services for energy companies?

If you are interested in Pilsenga’s products or services (including financial services for energy companies) you can contact us using the following link.

The post What are the top 10 electric power companies globally? first appeared on Pilsenga blog.

SEPA integration

It is important that the provider offers access to the SEPA payment network, as this will allow for greater transparency and speed in payments. Companies that contract the Pilsenga service have the possibility of integrating their financial services with the extensive SEPA payment network, which facilitates transactions within the Eurozone, reduces operating costs and increases transaction speed (through systems such as SEPA Instant).

Security level

It is important to select a provider that has a platform with a high level of security, as this will allow users to protect their financial resources and personal information. At this point, we can highlight that the Pilsenga’s financial ecosystem has a high level of security, as it has different protocols and security measures. This reduces the chances of the financial resources and user information are compromised, which reduces the chances of losses, failures or delays in financial operations.

Dedicated IBAN account

Companies that use the Pilsenga platform have the possibility of having a dedicated IBAN account, which allows for greater control and management of the company’s financial resources, in addition to complying with the different regulatory and accounting requirements. All this makes dedicated IBAN accounts an indispensable tool for managing (in a more efficient way) the financial resources of the entire organization. 

Additional services

It is important that the provider can offer different complementary services, as this allows the company to access different resources quickly, in addition to improving its financial efficiency. Companies that use the Pilsenga platform can access other complementary financial services such as: digital wallet, accounting packages, payment processors, among others.

Using a digital wallet, the company can manage its digital assets and cryptocurrencies (Bitcoin, Ethereum, and USDT) in a more efficient way, which is essential for those companies that seek to diversify their resources and offer their clients other payment alternatives. On the other hand, using an accounting package, the company can automate its accounting tasks and have better internal control. Some examples of this are the generation of accounting reports or the automation of group payments through the batch payment function.

24/7 Customer Support

It is important that the provider has good customer service and offers 24/7 support, as this will allow for personalized treatment, problem solving or clarifying any type of doubt/question.

At this point we can mention that Pilsenga offers its clients 24/7 support according to the needs of each client or company. An example of this is Pilsenga’s dedicated manager service, which offers companies a unique and personalized experience for each client. Currently this type of service is available 24/7 and is available in English, Spanish and Italian.

What do you think about this topic? Do you want to know more about Pilsenga’s financial services for companies?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post Euro IBAN account for companies: Why choose Pilsenga? first appeared on Pilsenga blog.

Tax Directives

The European Union’s tax directives were developed with the aim of creating a more integrated and fair tax environment. These directives govern corporate taxation, which includes rules on cross-border taxation and tax harmonization within the European Union.

Second Payment Services Directive (PSD2)

PSD2 promotes competition and innovation in the payments sector, facilitating the entry of new players (FinTech) and allowing interoperability between banks and payment services. Medium-sized companies that operate in e-commerce or use electronic payment systems may be affected by this regulation since, while they can take advantage of new opportunities, they must also adapt to new security standards, which may mean updating their security and compliance systems.

Market Abuse Regulation (MAR)

This regulation establishes clear rules to combat market abuse, insider trading, market manipulation, and incorrect or incomplete disclosure of relevant information.

For example, medium-sized companies listed on regulated EU markets are required to comply with strict disclosure requirements. This means that they must publish inside information as soon as possible to prevent its misuse.

Managers of medium-sized companies, as well as employees or professionals associated with them, must report any transaction they carry out with company securities (shares, bonds, etc.), especially if the said value exceeds a certain threshold. This measure seeks to prevent some managers or employees from taking advantage of their position to gain an advantage in the market with non-public information.

Anti-Money Laundering (AML) Directives

Anti-Money Laundering (AML) directives were developed with the aim of preventing financial crimes and protecting the integrity of the European financial system. This type of directive can affect medium-sized companies, especially those with limited capital, as it requires companies to make investments and implement measures to prevent money laundering and terrorist financing, which can significantly affect their financial operations, compliance procedures, and capital funds.

Corporate Sustainability Reporting Directive (CSRD)

Through the Corporate Sustainability Reporting Directive (CSRD), the European Union requires medium-sized companies to submit updated information on the environmental and social impact that their operations may have, which promotes transparency and accountability, in addition to allowing companies to be aligned with global sustainability objectives.

This type of directive can affect medium-sized companies, since to comply with sustainable business practices and improve the quality of sustainability reports, companies are forced to invest in preventive and corrective measures, such as staff training, and technology that allows their operations to be more sustainable, among others.

General Data Protection Regulation (GDPR)

Although not specifically a financial regulation, the GDPR has a direct impact on mid-sized businesses that manage personal data, including customer data in financial services, as it imposes strict obligations on how businesses collect, process, and store their users’ personal information. This forces mid-sized businesses to invest in technology and data management systems, as well as training their employees to comply with strict data protection regulations.

What do you think about this topic? Do you want to know more about Pilsenga’s financial services for medium-sized companies?

If you are interested in Pilsenga products or services, you can contact us by visiting the following link.

The post Financial rules and regulations that may affect medium-sized companies in the European Union first appeared on Pilsenga blog.