The Banco de Portugal provides a contact channel on this page to answer questions on innovation in financial products and services. It also provides relevant information in this field.
As national supervisory authority, macroprudential authority and payment systems overseer, the Banco de Portugal keeps track of financial innovation developments:
- It partners with the relevant national and international entities to develop financial services regulation, namely the National Council of Financial Supervisors, the European Banking Authority, the Single Supervisory Mechanism and the European Systemic Risk Board;
- It encourages and takes part in debate on the risks and opportunities that technological innovation — for example, artificial intelligence, the technologies behind crypto-assets and the use of large volumes of data (big data) — creates within the scope of financial services;
- It assesses the impact of digital transformation on internal organisation and processes, with the goal of increasing effectiveness and efficiency in carrying out its mission to safeguard financial stability and price stability;
- It keeps track of the technological developments linked to financial compliance, commonly known as RegTech, including prevention of money laundering and terrorist financing.