In partnership with the OCBF (French Banks association) and the ACPR (French regulator), Arkéa Banking Services organized at the beginning of October a thematic breakfast in which the Fintech-Innovation desk of the ACPR came to present its activities. The participants could exchange directly with the ACPR experts about digital transformation, economy of innovation and the challenges regarding the supervision of the Fintech.
During this event, we went through the Fintech emerging market and its participation to the digital transformation in today’s finance. New payment or investment products, which were offered by banks only, are now provided by the Fintech. The ACPR detailed what the DSP1 and 2 meant for the Fintech and how it transforms the Payment Industry.
The ACPR exposed what they put in place to respond to the market evolution. They set up a Fintech and Innovation department dedicated to the Fintech which allow a better coordination between the Fintech and the ACPR.
Among many topics, the threats and the opportunities generated by these changes have been discussed, and especially how to make the whole Payment Industry benefit from them.