With the EBA’s Executive Director, in this webinar we will offer a monitor on financial innovations and a report on the latest trends. EBA takes a leading role in analyzing consumer financial products and services. In a recent report the Authority highlights how strong the digital transformation impact has been on financial markets:
- new consumer trends and new banking products have been revolutionizing traditional payments;
- non-traditional methods have appeared - such as mobile payments, e-wallets, virtual currencies, crowdfunding and contactless technology;
- the commercial use of banking consumer data is proving to have big competitive advantages but there are still some risks;
- some consumer complaints have emerged regarding the lack of information on the risks and characteristics of this technology.