Awareness and interest among Italian citizens, companies and institutions, is increasing steadily, but experimentation is not growing. The finance sector knows advantages of new hi-tech frontiers, like open banking, Bitcoin (BTC), smart contracts, artificial intelligence (AI), cryptocurrency, internet of things (IoT), blockchain and distributed ledger technology (DLT). Albeit, hazards, risks, technical difficulties and lack of necessary skills are major hindrances of growth and development of innovations in the country.
The latest study conducted by Deloitte and the Fintech & Insurtech Observatory of Politecnico di Milano, evaluates the ongoing work in the field of open banking, blockchain and artificial intelligence. The survey found out that, in open banking, 84% of respondents (finance managers) have already started exploring Fintech, 77% still need to prepare themselves for this infrastructure so as to manage the phenomenon better.
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