Supervision and fintech: The balance between innovation and security at the center of the Cyprus Forum

Experts at the Cyprus Forum discussed the challenges of rapid growth in digital banking and fintech, emphasizing the need for a regulatory framework that balances innovation with consumer protection. Financial Ombudsman Valentina Georgiadou, Andreas Papadatos, and Irena Georgiadou highlighted how technology blurs traditional sector lines, complicating oversight. They concluded that effective coordination between authorities and improved financial education are essential to ensure security and maintain public trust in emerging financial services.