Banks have the cultural resources to deal with them, but if they want to take up the challenge, they need to be adequately equipped. 6/8  BIS - Central bankers' speeches  37. In general, much remains to be done to adapt banks' business models to the numerous challenges of technological innovation.
Operators know they can rely on the active support of the Bank of Italy, using the now well-known tools (the Fintech Channel and Milano Hub, together with our collaboration with the Italian Ministry of Economy and Finance and the other authorities in the regulatory sandbox), as well as the whole range of supervisory and regulatory activities. 38.