31st May, Start up centre, powered by Microsoft
An event titled “Assessing the landscape of FinTech in the Euro-MED and MENA region” was held at the European University Cyprus (EUC) on 31 May at the start up centre, powered by Microsoft.
The aim of the event was to promote FinTech research in the region. The Dean of the Business School, European University Cyprus, Dr. Pieris Chourides, highlighted that “the cooperation of the European University Cyprus with the research centre, the Cambridge Centre for Alternative Finance (CCAF) of the University of Cambridge, is aligned with the strategy of the business school in promoting internationalization, and research excellence in the field of financial technology”.
On his part, the Vice-President of the Cyprus Securities and Exchange Commission (CySec), George Karatzias, underlined that financial technology has transformed the operation of investment services, and hence the challenge for each regulatory authority is to adjust to this new environment, capitalising on the new regulatory tools that technology can create. Mr. Karatzias also noted that CySec is upgrading its innovation office into a regulatory sandbox.
The researchers of the centre presented the research activity which focused on the Middle East, North Africa and the Mediterranean (MENA), which can, which can be found here:
“Regional Market insights on Alternative Finance Activities” and
“FinTech regulation and regulatory innovation in the MENA region”.
The event constituted an opportunity to showcase the work of the Euro-MED and MENA region Centre, and to discuss with relevant stakeholders its next research milestones.
The Euro-MED and MENA region Centre was established following the signing of a research collaboration agreement in November 2021 between the EUC School of Business Administration and the Cambridge Centre for Alternative Finance (CCAF), a research centre of the Judge Business School, University of Cambridge. The aim is to accelerate tech-enabled financial innovation, and to create, exchange and transfer knowledge needed by policy makers, regulators and industry to navigate the digital transformation of the region’s financial system.
Source: Cyprus News Agency