On one hand, this development carries a number of positive effects, such as the potential for increased competition, better and cheaper products for consumers and optimised processes internally for financial companies. On the other hand, the increased use of technology and internet-based business models poses a number of new business and operational risks or exacerbates existing risks
This challenges the financial regulation, which is traditionally aligned with existing business models in established financial institutions, and causes new considerations for the financial supervision.
Would you be interested in learning more about different perspectives on the fintech development?
Would you be interested in providing input to Finanstilsynet on what role we should assume in supporting the use of new technology in the financial sector, and how we should take care of the new risks that arises?
Would you also like to learn about regulatory sandboxes, open banking, crypto assets and big tech?
Then mark you calendar on 4 December 2019, where Finanstilsynet hosts a conference at Docken, Copenhagen.
Finanstilsynet published a discussion paper on the on the topics that will addressed at the conference on 29 October 2019. You can find it here.
You can find the tentative program here.
The conference is free.