European Public Policy Client Alert: New EU FinTech Action Plan

    View Author 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.