Fintech (financial technology) and the European Union: State of play and outlook
The financial technology (fintech) sector encompasses firms that use technology-based systems either to provide financial services and products directly, or to make the financial system more efficient. Fintech is a rapidly growing sector: in the first half of 2018, investment in fintech companies in Europe alone reached US$26 billion. The fintech sector brings rewards including innovation and job creation, but also challenges, such as data and consumer protection issues, and the risk of exacerbating financial volatility or cybercrime. To tackle these multi-disciplinary challenges, policy- and lawmakers in the European Union (EU) have adopted and announced several initiatives, for instance on intra-EU payment services, data protection, crowdfunding and regulatory sandboxes. This briefing outlines current and upcoming fintech-related laws at EU level. It follows on from a March 2017 EPRS briefing that focused, inter alia, on the evolution, scope and economic prospects of fintech.
Briefing
À propos de ce document
Type de publication
Auteur
Domaine politique
Mot-clé
- bancatique
- communication
- condensation
- consommation
- diffusion de l'information de l'UE
- documentation
- FINANCES
- information et traitement de l'information
- informatique et traitement des données
- innovation
- institution financière
- institutions de l'Union européenne et fonction publique européenne
- institutions financières et crédit
- libre circulation des capitaux
- monnaie virtuelle
- PRODUCTION, TECHNOLOGIE ET RECHERCHE
- protection des données
- protection du consommateur
- recherche et propriété intellectuelle
- réglementation financière
- services financiers
- sécurité des systèmes d’information
- technologie de l'information
- UNION EUROPÉENNE
- ÉCHANGES ÉCONOMIQUES ET COMMERCIAUX
- économie monétaire
- ÉDUCATION ET COMMUNICATION