News in brief – Banco de Portugal strengthens its business with FinTech

Banco de Portugal met with FinTech operators to discuss the opportunities and challenges raised by the new Payment Services Directive (PSD2), which is being transposed into national law. This, after the supervisor announced in May, the creation of a chain dedicated to FinTech.

The meeting is part of the plan of action defined by the Bank of Portugal regarding technological innovation in the financial sector, according to

"The DSP2 contributes to the creation of a single market payment services, both secure (for service providers and users), and efficient, innovative and promoter of competition.In particular, the provision of new payment initiation services and Access to payments represents new opportunities for fintechs and, ultimately, new solutions for consumers, "said Banco de Portugal director, Hélder Rosalino.

After this first meeting with FinTechs, the Bank of Portugal will organize a new edition, this time in the north of the country, at a date yet to be defined.