Fintech in a nutshell: the financial technology sector which encompasses firms that use technology-based systems either to provide financial services and products directly or to make the financial system more efficient.
It has been reported over the past years that Fintech is a rapidly growing sector. The recent reports show that in the first half of 2018, investment in fintech companies in Europe alone reached €23 billion.
Besides the huge investment return, 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.
In 2019 the European Commission launched a study to analyze the challenges for the European players and possible policy measures at EU level. This analysis leads to the development of short-term recommendations around effective implementation of the EU Fintech Action Plan, coherence with the Digital Single Market, taking the international dimension into account, and investing in knowledge, access to new markets and communication. Longer-term recommendations are to replicate the innovative approach characterized by the second payments service directive in future legislation and to set up a Multi-Stakeholder Forum to stay abreast of trends and risks.
The European market accounts for 17% of the global fintech industry and the leaders are the US with 48%, while China is also holding strong with 35%. (source: bankingtech.com)
PICANTE Tech Conference Europe will address the Fintech sector with a highly engaging panel discussion which is titled “The Rise of Fintech in Europe”.
The panel discussion will be joined by Jean Paul Fabri, Managing Director of ARQ Economic & Business Intelligence, who will bring the latest economic and policy updates.
About Jean Paul Fabri
JP is the Managing Director of ARQ Economic & Business Intelligence, a specialized unit that applies economics to consumers, firms, and policy. He is currently the Lead Director on blockchain and cryptocurrency at ARQ Group. JP is specialized in resilience-building strategies and was a Technical Consultant to The Commonwealth Secretariat and acted as advisor to 9 governments across 3 continents. Prior to joining ARQ Group, JP was the Group Board Secretary of a London and Helsinki listed mining company. He also formed part of the private secretariat of the former Prime Minister and of the Governor of the Central Bank of Malta. An economist by profession, JP followed post-graduate studies in economics and political economy at the University of Malta and the London School of Economics. He is also a visiting lecturer at the University of Malta.
PICANTE Tech Conference Europe is designed to bring both people and knowledge together and provides the excellent ecosystem of networking and learning opportunities without interruptions with emphasis on comfort and communication. After learning from genuine world-class experts and wayseers, meeting achievers shaping the B2B ecosystem, all attendees will get the chance to grab a drink and relax while networking at the evening social gathering.
Seats are limited (Super Early Bird Rate – valid through 30th of June)