Financial  technology  has  the  potential  to  democratise  financial  services  across  the  EU.  Consumers expect to be able to shop online, transfer money, and purchase financial services products online and cross-border as quickly and as easily as sending an email or a text message. With the right technical and regulatory pan-European framework, financial technology companies can provide consumers with the flexible, convenient and safe level of service that they now expect from any other industry.