Digital transformation is also advancing at break-neck speed in the area of financial services, and changing the framework of the Austrian financial market. Back in 2018, the Financial Market Authority (FMA) therefore started to analyse the digitalisation of the Austrian financial market, and a new comprehensive study covering all sectors was conducted in 2021. These studies help the FMA to identify concentration risks and potential channels of contagion, to intensify the monitoring of cyber risks, to identify and analyse trends and drivers of digitalisation. They also permit fair conditions for competition to be established between analogue and digital providers, solutions and products. The findings of the 2021 edition of the study have been fed into the FMA’s strategy for supervision, and were already taken into account when determining the priorities for supervision in 2022.
The studies entitled “Digitalisation in the Austrian financial market, the status quo, outlook and call for input” serve a basis for stimulating a broad discussion about the implications of digitalisation in the Austrian financial market.
Digitalisation in the Austrian Financial Market - Call for Input: Findings 2022 (Format: pdf, Size: 366,5 KB, Language: English) Digitalisation in the Austrian Financial Market - 2021 (Format: pdf, Size: 3,8 MB, Language: English)
The findings from the 2019 edition of the Digitalisation Study and the Call for Input from 2020 can be downloaded here.
Digitalisation in the Austrian Financial Market - Call for Input: Results 2020 (Format: pdf, Size: 837,9 KB, Language: English) Digitalisation in the Austrian Financial Market - 2019 (Format: pdf, Size: 3,4 MB, Language: English)