Topic Centers

FIS Horizons

2020 is likely to be another eventful year in the Financial Institutions Sector. The question is, how do we address – and even embrace – this change and how do we make the most of the opportunities that change brings?

The new Italian FinTech initiatives

In line with the actions taken in several EU Member States, Italy has also recently enacted specific measures for the development of FinTech initiatives by introducing a dedicated sandbox.

The initiative for the establishment of the sandbox follows the publication in January 2019 of the ESAs Report on FinTech: Regulatory sandboxes and innovation hubs setting out a comparative analysis of existing innovation facilitators and best practices for the design and operation thereof. In light of the indications provided this Report, a regulatory sandbox consists of a test area for innovative FinTech initiatives where the possibility of a cooperative dialogue with the regulators and flexibility in the application of the existing legislation is ensured.

Read more

Loading data