The Digital finance outreach 2020 is a series of events organised in collaboration with the Member States in February-June 2020 on fintech and digital innovation in the financial sector to prepare the new EU digital finance strategy. In parallel, the European Commission organised online roundtable discussions with key stakeholders, open to the public.
The European Commission adopted a digital finance strategy for Europe on 24 September 2020. In this context, the Digital finance outreach 2020 events will continue in order to bring the proposed actions closer to the citizens. They will give the opportunity to stakeholders and the public to listen to the European Commission’s experts presenting the new digital finance package and answer to their questions.
These events would be an opportunity to learn about the best practices applied in these local ecosystems and also the challenges that they are facing – for example when seeking to expand beyond their national borders.
This will be an occasion to
- Meet the key stakeholders in digital finance around the EU;
- Create awareness around the Commission’s ongoing and forthcoming work on digital finance;
- Generate publicity to stimulate responses on the current and upcoming public consultations;
- Create more collaboration between the various EU fintech hubs in line with the Commission's priority in creating a single market for digital finance.
The Digital finance outreach events seek to gather views from key stakeholders such as Member States, national competent authorities, European organisations, financial institutions, market infrastructures, all other financial services providers, the public etc. in order to shape its strategy for a new digital finance strategy for Europe.
The European Commission had launched also public consultations for the same purpose on
- a new digital finance strategy for Europe;
- a retail payments strategy for the EU;
- an EU framework for markets in crypto-assets;
- and a Digital Operational Resilience Framework for financial services.
FISMA online webinars
- 10 March 2021 - Webinar on call for advice to ESAs on digital finance
On 2 February 2021, the European Commission sent a request to the EBA, the EIOPA and the ESMA for technical advice on digital finance and related issues. The request is a based on the digital finance strategy, which was adopted on 24 September 2020. The request concentrates on the prudential and supervisory aspects of the digitalisation in financial services and ask for advice on fragmented value chains, platformisation, large technology groups, lending and the protection of clients’ funds.
- To be determined - Webinar on digital financial education
- To be determined - Webinar on a financial data space
- To be determined - Webinar on digital identities
FISMA online webinars
- 11 November 2020 - Webinar on the proposal on digital operational resilience
- 30 September 2020 - Webinar on the digital finance strategy
- 14 October 2020 - Webinar on the retail payments strategy
- 28 October 2020 - Webinar on the proposals on markets in crypto-assets and on pilot regime for market infrastructures based on distributed ledger technology
FISMA online roundtables
- 15 April 2020 - Digital Finance & Coronavirus - how can digital finance help tackle the Coronavirus crisis?
- 22 April 2020 - A Digital Single Market for financial services
- 29 April 2020 - Open Finance - promoting a more data-driven financial sector
- 6 May 2020 - Ensuring a technology-neutral and innovation-friendly regulatory framework
- 13 May 2020 - Enabling an EU framework for markets in crypto-assets
- 19 May 2020 - Enabling a digital operational resilience framework for financial services
- 27 May 2020 - Digital Sustainable Finance - how can digital finance support sustainability?
- 17 June 2020 - Webinar on Insurtech - How InsurTech is changing the insurance sector? What are the current trends and developments in the EU?
- 13 February 2020 - Milan, Italy
- 20 February 2020 - Prague, Czech Republic
- 4 May 2020 - Berlin, Germany - (private event)
- 5 May 2020 - Brussels, Belgium - online
- 14 May 2020 - Dublin, Ireland - online
- 20 May 2020 - Vilnius, Lithuania - online
- 28 May 2020 - Bucharest, Romania - online
- 29 May 2020 - Stockholm, Sweden - online
- 2 June 2020 - Madrid, Spain - online
- 3 June 2020 - Valletta, Malta - private event
- 4 June 2020 - Nicosia, Cyprus - online
- 8 June 2020 - Zagreb, Croatia - online
- 10 June 2020 - Budapest, Hungary - private event
- 11 June 2020 - Luxembourg, Luxembourg - online
- 12 June 2020 - Paris, France - online
- 15 June 2020 - Lisbon, Portugal - online
- 16 June 2020 - Sofia, Bulgaria - online
- 18 June 2020 - Ljubljana, Slovenia - online
- 19 June 2020 - Copenhagen, Denmark - online
Digital finance outreach conference
- 23 June 2020 - Digital finance outreach conference - online
Can you hack it?
The European Commission, in collaboration with EU member states hosted a pan-European Hackathon on 24, 25 and 26 April 2020 to connect innovators, partners and buyers across Europe to develop innovative solutions for coronavirus-related challenges.
One of the challenge domains of the hackathon was Digital Finance, including the following challenges:
1. Support identification of financial shortfalls
The challenge is meant to supporting short term identification and analysis of businesses’ financial shortfalls and needs, in particular for SMEs, through data analytics/open data.
2. Speed-up access to financial support
The challenge is meant to find solutions to enabling speedy access to public financial support by SMEs, self-employed, citizens.
3. Speed-up distribution of financial support
The challenge is meant to find solutions to quicker distribution of public financial support via digital money/transfers.
4. Availability of emergency health insurance
The challenge is meant to find solutions to ensure an emergency Coronavirus health Insurance .
5. Enable crowd to help financially
The challenge is meant to crowdfund to support the fight against Coronavirus such as the provision of medical equipment to local hospitals.
6. Support for digitally excluded
The challenge is meant to find solutions to provision of essential digital finance tools to the digitally excluded such as the elderly and homeless.
The above challenges are just suggestions. Feel empowered to get creative!
Congratulations to Bankera Business Care (Lithuania), whose solution to provide SMEs with short-term financing to cover their liquidity needs during times of crisis, has been selected as winner of the Digital finance category.
Winners were invited to a Matchathon that took place from 22 to 25 May on the new European Innovation Council COVID Platform. The purpose of this online event was to facilitate match-making with end-users, such as hospitals, and to provide access to investors, corporates, foundations and other funding opportunities from across the EU.
Digital solutions on digital finance
If you have a digital solution on one of the above topics that you would like to share with us, you can send your solution to: firstname.lastname@example.org