The European Commission (EC) has released an Action Plan designed to harness the opportunities presented by innovative technologies in financial services, such as blockchain, artificial intelligence and cloud services. Key steps in the plan include the creation of a European Union (EU) FinTech Laboratory for authorities and technology providers to collaborate in, releasing the report of the Blockchain Observatory and Forum, the promotion of digitisation of information and cybersecurity, and a blueprint with best practices on regulatory sandboxes, based on guidance from European Supervisory Authorities.

The EC is also putting forward new crowdfunding rules to grow the existing platforms in the European market. Notably, the EC has proposed creating a pan-European label for crowdfunding platforms, so that a licensed platform in one part of Europe may operate in another EU nation. The Action Plan is part of the EC's efforts to build a Capital Markets Union and Digital Single Market.