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DIGITAL
TRANSFORMATION

“Everything thrives on digital technology. If it is not on my phone it does not exist.”

Wim Mijs
Wim MijsEBF CEO

“There is no denying that financial technology is the DNA of our industry. Banks actively embrace FinTech to serve clients with new products and services, and it’s great to see how fresh competition helps us keep our focus.

Wim Mijs
Wim MijsEBF CEO

If Europe really wants to play a role in FinTech globally we need to create room for innovative financial services in a flourishing Digital Single Market. We need action at an overclock speed.”

Wim Mijs
Wim MijsEBF CEO
Digital transformation of banking


A history of Financial technology (FinTech)

Banks have been building on the digital infrastructure since the first days of finance. After all those years, banking services are still FinTech-driven and heavily invested in innovation. Bank innovators have transformed the industry with crucial devices, from the ATM half a century ago to contactless payments today. Each time bringing banking closer to the consumer.

Looking ahead with digital

Nowadays, everything is digitally and online connected. Advanced technology affects all working areas of the sector and is the core of financial regulation. Specific (digital) solutions are impacting financial services in unique ways and each with its own potential and challenges, online and offline. On the front-end the mobile phone is decisive, the end-user expects an accessible and secure experience at the same time. In the back office banks have been building and connecting next-generation solutions on strong legacy infrastructures. Big Data Analytics, cloud computing, blockchain and Open Apis are the main drivers of these changes.

As a key engine of the Digital Single Market in Europe, banks are aiming to create a financial system that integrates all players with future-proof technology and safeguards consumer interests.

The European Banking Federation is on top of the most recent emerging technology and has experts working on several digital working streams.

Cybersecurity

Digital skills

Cloud

Big Data

DLT/Blockchain

E-identification

OMFIF Podcast on FinTech and The European Digital Single Market – Wim Mijs and Peteris Zilgalvis

Pēteris Zilgalvis, head of the start-up and innovation unit in the European Commission’s digital single market directorate, and Wim Mijs, chief executive officer of the European Banking Federation, join Oliver Thew, programmes manager at OMFIF. They discuss the impact of the digital single market on the European banking sector and wider economy, the role of fintech, and the steps being taken to enhance regulation and co-operation across the continent.

EBF Digital & FinTech Team

Noemi Papp

Noemi Papp

Head of Digital & Retail Banking
Alexandra Maniati

Alexandra Maniati

Senior Policy Adviser - Cybersecurity & Digital Skills
Pascal-Marie Brien

Pascal-Marie Brien

Senior Policy Adviser - Payment & Digital
Daniel De Gennaro

Daniel De Gennaro

Policy Adviser - Financing Growth & Blockchain
Nahuel Mercedes

Nahuel Mercedes

Communications Officer
Helene Benoist

Helene Benoist

Policy Adviser - Digital & Retail Banking
Our FinTech partners