2018 is a game-changing year for banks and payment services providers as the Payments Services Directive 2 (PSD2) came into effect on January, 13. The new EU Directive aims to increase innovation, transparency and competition within the sector, requiring European banks to open their infrastructures to licensed third-party providers. This will enable more companies to get into the payments space, says Steve Grech, Chairman of the recently launched Financial Institutions Malta Association (FIMA).
Joe Bannister, Chairman of the Malta Financial Services Authority, says the financial services sector needs to brace itself for more centralised and integrated financial supervision at EU level. Despite this, he thinks that the opportunity for Malta to position itself as an innovative finance hub has never been greater, and blockchain technology could play a key role in the finance centre’s future.
Malta's Individual Investor Programme (IIP) is the only citizenship programme in the European Union that has been recognised by the European Commission. MaltaProfile met with Stuart MacFeeters, Managing Partner at Henley & Partners, to find out more about the IIP.
Paris, London and New York define cosmopolitan living at its best and are home to the most ethnically diverse populations. While Malta is not as fast-paced as these metropolises, there aren’t many places in the world that make it so easy for foreigners to feel at home. Malta’s international outlook and its fast-growing economy, combined with a lifestyle that comes with the Mediterranean environment, are attracting people from all over the world to work and live on the island. In addition to offering the common routes to residency and citizenship, in Malta foreigners can also take advantage of special residency programmes, as well as a citizenship-by-investment programme.
Venture capital firm Ariadne Capital has recently relocated their HQ from London to Malta following the acquisition of Portcullis Asset Management. MaltaProfile met with CEO and Founder Julie Meyer to discuss the hot topics within venture capital, investments and disruptive technology.