Martens Centre
  • Home
  • About
    • Who we are
    • Team
    • Bodies and Experts
    • Network
  • Publications
  • Events
  • News
  • Blog
  • Contact
back

Publications

  • Home
  • About
    • Who we are
    • Team
    • Bodies and Experts
    • Network
  • Publications
  • Events
  • News
  • Blog
  • Contact
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Print this page
Print
Email this to someone
email

Fine-Tuning Europe: How to Win the Global FinTech Race?

18 February 2020

The term ‘financial technology’ (FinTech) refers to technology-enabled innovation in the financial sector. FinTech could result in new business models, products and services. It has been rapidly developing around the world, offering innovative products and services that are quickly gaining traction with consumers and investors. Different countries and regions around the world are finding themselves caught up in this fast-paced ecosystem, where their competitiveness depends on a variety of factors, including the interaction of different market players, access to funding and talent, and regulatory measures. This paper examines the latest developments in specific financial technologies, major financial services and product providers. It also looks at the conditions which are shaping financial centres’ competitive significance in FinTech on a global scale.


Recent trends suggest that the US and China are emerging as key hubs for unlocking the disruptive potential of financial innovation in terms of the scale of their FinTech businesses and investments compared to Europe. For the comparatively smaller and younger European FinTech companies it would be challenging to compete with them without favourable government initiatives and support. The EU has already undertaken certain measures and initiatives in order to nurture its FinTech firms, but at the moment it lacks a targeted, EU-wide approach to FinTech. The policy landscape remains rather fragmented with different national approaches to legislation and regulation. The paper examines the current EU policies, initiatives and frameworks for the purpose of providing forward-looking policy recommendations for a more competitive and innovative single European market in the financial sector.

Download the publication

Research Papers

Tsvetelina Kuzmanova

Edited by

Dimitar Lilkov

Research Team

  • European Union
  • Industry
  • Innovation
  • Technology

Related publications

  • Artificial Intelligence and Western Defence Policy: A Conceptual Note

    IN BRIEF

    Artificial Intelligence and Western Defence Policy: A Conceptual Note

  • The Chinese Nightmare: Debt Risks Along the Silk Road

    IN BRIEF

    The Chinese Nightmare: Debt Risks Along the Silk Road

  • A Europe That Protects Its Heritage

    Policy Briefs

    A Europe That Protects Its Heritage

  • IN BRIEF

    COVID-19 and the Old-New Politics of Irregular Migration from Libya

  • State of play in the Libyan Civil War

    IN BRIEF

    State of play in the Libyan Civil War

  • Putting Women at the Heart of Europe’s Recovery

    IN BRIEF

    Putting Women at the Heart of Europe’s Recovery

  • COVID-19 and Technology in the EU: Think Bigger than Apps

    IN BRIEF

    COVID-19 and Technology in the EU: Think Bigger than Apps

  • Development Aid, Migration and Conditionality – The Case of the Marshall Plan with Africa

    Policy Briefs

    Development Aid, Migration and Conditionality – The Case of the Marshall Plan with Africa

You might also be interested by

  • [Europe Out Loud] A Threatened European Cultural Heritage?

    Europe out Loud - Multimedia

    22 Dec 2020

  • The Budget, Recovery Fund and Implications for the Future of EU Decision Making

    Live-streams - Multimedia

    17 Dec 2020

  • NET@WORK Day 2 – Panel 2

    Live-streams - Multimedia

    26 Nov 2020

  • NET@WORK Day 1 – Panel 3

    Live-streams - Multimedia

    25 Nov 2020

  • NET@WORK Day 1 – Panel 2

    Live-streams - Multimedia

    25 Nov 2020

  • Is the Digital Markets Act giving the European Economy and Consumers what they need right now?

    Live-streams - Multimedia

    17 Nov 2020

  • China’s 14th Five-Year Plan (2021-2025): Reshaping the EU-China relation

    Blog

    09 Nov 2020

  • The Digital Services Act and digital fundamental rights with Eliška Pírková

    Brussels Bytes - Multimedia

    05 Nov 2020

  • EIF 2020 – Panel 4: Artificial Intelligence

    Live-streams - Multimedia

    28 Oct 2020

  • EIF 2020 – Panel 3: Digital Europe

    Live-streams - Multimedia

    28 Oct 2020

Stay updated on Martens Centre Activities, Events and Publications

  • Navigate

    • Home
    • About
      • Who we are
      • Team
      • Bodies and Experts
      • Network
    • Publications
    • Events
    • News
    • Blog
    • Contact
  • More

    • A word from Wilfried Martens
    • European People’s Party
    • Join the team
    • Privacy Policy, Cookie policy & Legal
  • Contact us

    0032 (0)2 300 80 04
    20 Rue du Commerce
    1000 Brussels, Belgium

Copyright © 2021 | Martens Centre ALYS

This website uses cookies to improve your experience, click here for more info. ACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.