The European Commission has introduced a financial technology action plan in a bid to become a centre of innovation for new technologies. It aims to increase cybersecurity and ensure integrity, and develop solid blockchain governance. As part of the plan, the commission will establish an EU FinTech Laboratory, where providers and regulators can meet, consult on the digitisation of information for investors, run workshops, and develop a best practice guide on regulatory sandboxes. “Companies that develop financial technology are currently faced with diverging regulatory and supervisory regimes,” said the commission. “While some Member States offer a wide range of tools to encourage the use of financial technologies in financial s