The September 2019 edition of the FinCoNet Newsletter highlights the organisation's ongoing efforts to enhance financial consumer protection globally. It provides updates on recent activities, including collaborative projects with international bodies and insights into emerging financial technologies. The newsletter also emphasizes the importance of robust supervisory practices to address the challenges posed by digital financial services.
A significant portion of the newsletter is dedicated to discussing the security concerns associated with online and mobile payments. It references various reports and research that underscore the relevance of these payment methods worldwide, while also noting the obstacles to their broader adoption, particularly security issues. The newsletter highlights that concerns about fraud and data protection are major impediments to the widespread acceptance of digital payments, as emphasized by international organizations.
Additionally, the newsletter outlines FinCoNet's upcoming events and initiatives aimed at fostering international cooperation among financial regulators. It announces the 2019 FinCoNet Annual General Meeting scheduled for November 13-15 in Rome, Italy, which will serve as a platform for members to share experiences and strategies related to financial consumer protection. The newsletter also mentions collaborative seminars with the OECD focusing on topics such as the financial needs of aging populations, reflecting FinCoNet's commitment to addressing diverse consumer protection issues in the evolving financial landscape.