WSBI ESBG

Digital Finance and Innovation

Transforming financial services

Transforming financial services and the way they are accessed

​New technologies are transforming financial services and the way they are accessed by consumers; this digital transformation is shaping the future of banking. ESBG believes that it is difficult to encourage innovation through regulation and that digitalisation efforts need to be market-driven, where the right conditions are set to ensure that European companies can become global champions, meeting the highest requirements for consumer protection and financial stability.

Digital banking: unleash further innovation​

ESBG fully supports regulatory initiatives aimed at fostering the uptake of nascent technologies and business models in Europe.

Our latest content on Digital Finance and Innovation

An open data economy should be multilateral and cross-sectoral

ESBG's response to the European Commission consultation on the proposed Data Act calls for a horizontal regulatory approach to establish a consistent and harmonised rules for all sectors. ESBG is the…

Access to better technology for (Supervisory) Reporting

The four European banking associations (EACB, EAPB, EBF and ESBG) co-hosted the “Access to better technology for (Supervisory) Reporting” workshop.

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Joint declaration on remote work and new technologies

The European Banking Social Partners signed a Joint Declaration on Remote Work and New Technologies. The spread of the Covid-19 pandemic and the constantly increasing use of digitalised systems.

On the European Commission’s Artificial Intelligence Act

The Commission aims to turn Europe into the global hub for trustworthy Artificial Intelligence. If we share this idea on the principle, it should be recognised that this is a risky bet.

ESBG welcomes announcement of harmonised European Digital Identity

The European Savings and Retail Banking Group (ESBG) welcomes the intention to remove fragmentation and to build a harmonised legal framework across Europe, recognising the role of Member States as…

Digital tax: European Commission roadmap

BRUSSELS 15 February 2021 – ESBG issued today comments on the European Commission's roadmap on the introduction of a digital levy. In our opinion, it is most important that a precise distinction is…