Indicator
Digitalisation of financial services
Implemented
Not Implemented
Not Applicable
| Level | ALB | BIH | KOS | MNE | MKD | SRB |
|---|---|---|---|---|---|---|
| Digital payment and e-money services: Banks and non-bank financial institutions have access to regulated digital identification options to verify identities. *Not yet adopted but under development | ||||||
| Digital payment and e-money services: The licensing framework for e-money institutions aligns with the Second Electronic Money Directive (EMD2). *Under development | ||||||
| Digital payment and e-money services: The licensing framework for non-bank payment service providers aligns with the Second Payment Services Directive (PSD2). *Under development | ||||||
| Digital payment and e-money services: Policy initiatives promoting digital financial literacy are being implemented. *Under development | ||||||
| Digital payment and e-money services: Transactions of digital payment service providers are settled in real-time with a Real-Time Gross Settlement (RTGS) system. | ||||||
| Digital payment and e-money services: Digital banking and payment options are supervised by a competent authority. | ||||||
| Digital payment and e-money services: A legal framework on digital payment and e-money services are in place. | ||||||
| Digital payment and e-money services: A centralized digital platform using data pulled from individual bank’s systems existfor supervisory authorities. | ||||||
| Digital payment and e-money services: Periodic reviews are conducted on the legal framework’s quality and accuracy for digital payment and e-money services, with corrective actions as needed. | ||||||
| Crowdfunding: A legal framework on crowdfunding is in place. *Not yet adopted but under development | ||||||
| Crowdfunding: The supervision of crowdfunding services is under the responsibility of a competent authority. | ||||||
| Crowdfunding: Both debt crowdfunding and equity crowdfunding are subject to regulation. | ||||||
| Crowdfunding: The legal framework for crowdfunding services sets the rules and requirements that crowdfunding platforms must adhere to, ensuring transparency, investor protection, and the integrity of the crowdfunding ecosystem. | ||||||
| Crowdfunding: Crowdfunding service providers must disclose financial risks and charges to investors. | ||||||
| Crowdfunding: The legal framework aligns with the Regulation on European Crowdfunding Service Providers (ECSP) for business ((EU) 2020/1503). | ||||||
| Crowdfunding: Periodic reviews are conducted on the legal framework’s quality and accuracy for crowdfunding, with corrective actions as needed. |
Note that for Bosnia and Herzegovina, “State” stands for the state level, while “FBiH” stands for the Federation of Bosnia and Herzegovina and “RS” stands for Republika Srpska - the two entities of Bosnia and Herzegovina. Note that the presented scoring criteria system is not a full representation of the scoring methodology used to determine the score for an indicator. For more information, see the Methodology section.