10/22/2019 | Press release | Distributed by Public on 10/22/2019 18:06
The Embassy of Italy in Washington partner of Fintech Week (21-24 October), the main forum for discussion on the impact of digital technologies in the financial world
Washington DC, 22 October 2019. Italy's Ambassador to the United States, Armando Varricchio, hosted a dinner last night for the Fintech Week 2019 speakers in Washington DC. In its third edition, the Fintech Week brings together in the US capital experts, representatives of companies and regulatory authorities in the sector, constituting one of the main discussion forums on the impact of digital technologies in the financial world.
In his speech, the Ambassador emphasized how the 'fintech revolution' constitutes a turning point in the ways in which banking and financial services are offered and used internationally. 'It is - continued the Ambassador - a development that now transcends the traditional boundaries between sectors and markets, which must necessarily be accompanied by a regulatory response that is not limited to ensuring the stability of the financial sector, but that ranges from the protection of competition to the protection of privacy '.
Among the participants in the evening at the Residence, the organizer of DC's Fintech Week, Prof. Chris Brummer of Gerorgetown Law, the Deputy Director of the Bank of Italy Alessandra Perrazzelli, the President of the Federal Deposit Insurance Corporation, Jelena McWilliams, the Superintendent of the Department of New York Financial Services, Linda Lacewell, and former Federal Reserve Board member Sarah Raskin.