Outsourcing to the cloud : EIOPA's contribution to the EU Commission fintech action plan

The FinTech Action Plan published by the European Commission (from now on "EC" or "Commission") on March 3, 2018 combines both supportive measures to help introduce FinTech solutions and proactive measures to foster and stimulate new solutions and address in a determined way the emerging risks and challenges. Within this publication, the Commission has set out its plans for further work on enabling, accommodating and, where possible, encouraging innovation in the financial sector, while ensuring at all times the preservation of financial stability and high levels of investor and consumer protection.