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March 2018
On 8 March 2018, the European Commission (EC) published its longawaited
new FinTech Action Plan. The EC understands FinTech
to be technology-enabled innovation in financial services,
and the strategy covers developments related to new technologies
that are changing the financial industry and the way consumers
and firms access services. At the same time, the action plan also
covers related challenges, such as cyber threats, and proposes
the assessment of innovative technologies, such as blockchain,
cryptocurrencies and cloud computing services.