The Bank of Italy held a meeting in Milan to present its Fifth Fintech Survey, bringing together industry, academia, professional associations and sector experts to discuss how financial innovation is evolving and where supervisory attention is focusing. Opening remarks framed fintech’s development along two increasingly connected paths, innovation led internally by traditional intermediaries and innovation driven externally by new entrants, with growing collaboration and participation between the two. The survey presentation covered trends in technology investment, collaboration and participation initiatives, firms’ digital strategies, and developments in governance frameworks. A roundtable discussion focused on operational challenges in digitising processes, products and distribution channels, and closing contributions examined projects using artificial intelligence, distributed ledger technologies, cloud computing and digital identity systems, including applications to prevent money laundering and terrorist financing.
Bank of Italy 2026-03-16
Bank of Italy presents its fifth fintech survey highlighting technology investment trends and emerging supervisory risks
The Bank of Italy presented its Fifth Fintech Survey in Milan, highlighting trends in technology investment, digital strategies, and governance frameworks. Discussions emphasized the convergence of innovation from traditional intermediaries and new entrants, with a focus on operational challenges in digitization and the use of AI, distributed ledger technologies, and digital identity systems to combat money laundering and terrorist financing.