Fintech, Bank of Italy focuses on Milan. In the meantime, banks have invested 620 million euros in new technologies

"We are about to set up a structure dedicated to impulse and coordination tasks in fintech, as well as monitoring the retail payment instruments and services chain. This will enhance the complementarities between the use of banknotes, electronic payments and digital services; it will strengthen the capacity to observe phenomena that could lead to the development of new activities and new products in the future". This was said by the Governor of the Bank of Italy Ignazio Visco on 29 May in his