A common strategy for digital finance: the risks posed by digital banking

The advent of digital finance has radically changed the way of providing banking and financial services.
New financial technologies constitute a chance of improving the financial system efficiency, but may put the actual financial stability at risk: cyber attacks, massive data leak and and the risk of contamination from the financial intermediary sector to the banking sector are just a few examples.
In order to investigate the innovative capacity of what can be considered as a true banking revolution, it is necessary to focus on the features of the new technology and the risks associated with it.

This report aims to provide an overview of the risks posed by the new digital revolution and the possible regulatory oversight/regulatory approaches  implemented so far, with the purpose of giving an update/balance between financial deregulation and the risk of excessive pressure on innovations.