First published on
04 February 2020 (last update on: 23 March 2021)
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Digital finance outreach

The digital finance outreach is a series of events focusing on fintech and digital innovation in the financial sector. The aim of these events is to present, inform and shape the EU digital finance strategy.

The European Commission periodically organises online public discussions to present its work and 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, and more.

Events

Upcoming events

FISMA online webinars

  • 23 March 2021 - 10:00 Brussels time - Webinar on the European financial data space

    As set out in the digital finance strategy, data driven innovation has a lot of potential in the financial sector. It enables innovative products for consumers and businesses, and can support broader policy objectives at EUnbsp;level. Building on the new European data strategy, which aims to enhance access to data and to promote data-sharing in the EU, the Commission will set up a European financial data space alongside data spaces in other sectors. This webinar aims to provide the general context of this Commission initiative and to exchange views with stakeholders on the interactions between the horizontal and sectorial approaches to data-sharing.
  • 25 March 2021 - 10:00 Brussels time - Webinar on open insurance

    Data driven innovation has a lot of potential in the insurance sector and we are already seeing a number of promising initiatives launched by established insurers and innovative firms in that field.

    The webinar aims to gather stakeholders’ views on the main benefits and challenges an open finance framework can bring for insurance services and the sectorial specificities that should be considered. Short presentations of actual use cases by insurance companies or InsurTech could help understanding the main policy issues that the Commission will have to assess in the near future.

    This webinar is timely in view of the ongoing public consultation launched by the European Insurance and Occupational Pension Authority (EIOPA) on 28 January.
  • To be determined - Webinar on digital financial education
  • To be determined - Webinar on digital identities

Past events

FISMA online webinars

FISMA online roundtables

National events

Digital finance outreach conference

#EUvsVirus challenge

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.

7.    Other
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.

A total of 117 innovative solutions to tackle the coronavirus have been selected as winners of the EUvsVirus Hackathon.

See the full list of winners and prize allocations.

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: fisma-digital-finance@ec.europa.eu

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