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Fintechs - at the forefront of "new frontiers"

· François Villeroy de Galhau, Governor of the Banque de France (France)

Summary written by Dark Majestic in its own words · topics: payments, digital money and crypto-assets, growth, investment and productivity, technology, ai and cyber risk

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· François Villeroy de Galhau Wiki · Banque de France WikiFintechs - at the forefront of "new frontiers"

ContextOpening speech at the ACPR-AMF Fintech Forum in Paris; the Banque de France and its supervisor ACPR keep finance stable and must work with fast-moving fintech firms.

Why it mattersThe French governor presents DORA cyber testing as protection for fintechs too.

Problems raised
  1. Fintechs need regulator support.
  2. Cyber threats are rising.
  3. Innovation and regulation seem opposed.
Solutions proposed
  1. Show authorities serve fintechs too.
  2. Apply DORA: testing and incident reporting.
  3. Share cyber threat information.
Read full speech on bis.org ↗

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