Where does Finland stand - and move - in digital finance

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Presentation transcript:

Where does Finland stand - and move - in digital finance Olli Rehn Where does Finland stand - and move - in digital finance Olli Rehn, Member of the Board, Bank of Finland Opening keynote Future Digital Finance Forum Korjaamo, Helsinki 26 April 2017 26.4.2017

Percentage of population using financial services over the internet Eurostat 26.4.2017 Olli Rehn

Digital Economy and Society Index 26.4.2017 Olli Rehn

eGovernment Finland and Estonia set up a joint institute to develop X-Road technology 26.4.2017 Olli Rehn

National Income Register (kansallinen tulorekisteri) Data about all wages and salaries are recorded Real time data warehouse Makes tax cards and tax returns unnecessary Makes applying for and paying of benefits easier National Income Register will go online 1.1.2019 Access to data is restricted – citizens can only see their own data but not other’s Opens new possibilities for many different government and financial services 26.4.2017 Olli Rehn

Finland as a digital innovator Human Capital Index (WEF) 1st place Digital Economy and Society Index (EU) 2nd place Networked Readiness Index (WEF) 2nd place Bloomberg Innovation Index 5th place Global Talent Competitiveness Index (INSEAD) 9th place 26.4.2017 Olli Rehn

Bank of Finland 26.4.2017 Olli Rehn

Percentage of population using cash as the primary payment method Federation of Finnish Financial Services 26.4.2017 Olli Rehn

Finanssivalvonta FIN-FSA Innovation Help Desk 26.4.2017 Olli Rehn

Thank you 26.4.2017 Olli Rehn