About the FinTech Roadmap

54. The FinTech Roadmap sets out the EBA’s next steps and provides an indicative timetable for the completion of its work. In particular, the Roadmap explains the approach that the EBA will take in relation to the following priorities for 2018/2019:

• monitoring the regulatory perimeter, including assessing current authorisation and licencing approaches to FinTech firms, analysing regulatory sandboxes and innovation hubs with a view to developing a set of best practices to enhance consistency and facilitate supervisory coordination;

• monitoring emerging trends and analysing the impact on incumbent institutions’ business models and the prudential risks and opportunities arising from the use of FinTech in order to enhance knowledge sharing;

• promoting best supervisory practices on assessing cybersecurity and promoting a common cyber threat testing framework;

• addressing consumer issues arising from FinTech, in particular in the areas of unclear regulatory status of FinTech firms and related disclosure to consumers, potential national barriers preventing FinTech firms from scaling up services to consumers across the single market, and assessing the appropriateness of the current regulatory framework for VCs;

• identifying and assessing ML/TF risks associated with regulated FinTech firms, technology providers and FinTech solutions.