Milano Hub is the innovation centre created by the Banca d'Italia to support the digital evolution of the financial market and encourage the attraction of talent and investments.

Milano Hub engages innovators in a place, physical and virtual, in which the Bank of Italy - while respecting its institutional role - through a series of consulting services, mentorship, and educational components to financial intermediaries, startups, and research centres aims at accelerating the development of projects and at promoting the quality and safety of specific innovations.

Milano Hub supports the development of aligning innovative projects for the benefit of the system.

Objectives

Milano Hub aims to achieve the following objectives:

  • to support the early adoption of digital technologies by the financial market;
  • to facilitate the adoption of solutions able to control the different types of risk effectively;
  • to strengthen the capacity of intermediaries to respond to the challenges of the digitization.

Activities

In order to maintain a constant dialague with market operators, Milano Hub works via its 'Call for proposals' relating to different areas of innovation. The projects selected will receive developmental support through:

  • the provision of sector expertise in banking, financial and insurance matters and in specific areas (e.g. IT, legal);
  • regulatory in-depth studies;
  • organization of seminars, events, conferences with representatives from the projects, institutions and the academic world.

The Bank of Italy will not provide any form of financial assistance or any contribution to the acquisition of goods or services or support the projects in terms of promotional initiatives or marketing activities.

Ongoing

Call for Proposals 2022:

  • On 25 November 2022, during the final plenary session of Il Salone dei Pagamenti at the MiCo Congress Centre in Milan, the Call for Proposals 2022 theme has been announced: "Application of technology based on distributed ledgers (Distributed Ledger Technology - DLT) to banking, financial, insurance and payment services, with special regard to ensuring: governance reliability and compliance with the applicable provisions and guidelines expressed by the Authorities; robust settlement mechanisms with particular regard to solutions capable of ensuring the final settlement of payments in central bank money; interoperability with other DLT platforms or platforms based on alternative models (e.g. API); certainty and security of operations from a technical and legal standpoint (for example, in terms of the finality of transactions); consumer protection".
  • Applications may be submitted from 15 December 2022 and no later than 31 January 2023. The Rules of the Call for Proposals 2022 will be published shortly.

Call for proposals 2021 - chronology:

  • On 25 November 2022, at the final plenary session of Il Salone dei Pagamenti at the MiCo Congress Centre in Milan, the Call for Proposals 2021 has been closed; the 10 eligible projects supported by the Hub have been presented during the event and dedicated stands within the Banca d'Italia area have been reserved for the participants.

In the Call for proposals 2021 webpage you can find more details about the rules and related application forms.

For further information on the work of the Hub, please email: milanohub@bancaditalia.it.

News

  1. 25 November 2022 Milano Hub - new Call for Proposals closes Il Salone dei Pagamenti 2022 Today at 3.15 pm Milano Hub, the innovation centre set up by the Bank of Italy to support the digital evolution of the financial market, will announce the theme of the Call for Proposals 2022. The event, which closes Il Salone dei Pagamenti 2022 in…
  2. 25 November 2022 Inauguration of the new headquarters of the Bank of Italy's 'Milano Hub' The Bank of Italy inaugurates its new headquarters in Milan, in Via Brenta, which will host 'Milano Hub', the innovation centre created to support the digital evolution of the financial market. The inauguration event will open with a welcome address by…
  3. 23 November 2022 Piero Cipollone speaks at the Salone dei Pagamenti conference 2022 The 2022 Salone dei Pagamenti conference kicks off today in Milan. 'Milano Hub', the Bank of Italy's centre for the digital development of financial markets, has a large exhibition space showcasing the Bank of Italy's commitment to innovation and the…
  4. 9 November 2022 Fintech Milano Hub - Video Interview by Alessandra Perrazzelli Alessandra Perrazzelli, Deputy Governor of the Bank of Italy, gave a video interview to Flavio Padovan from Bancaforte TV on the Bank of Italy's Milano Hub innovation centre for supporting the digital evolution of financial markets. On 25 November 2022,…
  5. 8 November 2022 The Bank of Italy's innovation centre, Milano Hub, at Il Salone dei Pagamenti 2022: new Call for Proposals to be announced on 25 November On 25 November 2022, from 3.15 pm to 5.00 pm at the MiCo Centre in Milan, Il Salone dei Pagamenti will host a final plenary session where FinTech Milano Hub, the innovation centre of the Bank of Italy, will announce the new Call for Proposals 2022. The…
  6. 28 February 2022 FinTech Milano Hub: Call for Proposals 2021 - list of selected projects Today the Bank of Italy announces the 10 projects selected for support from Milano Hub following the first Call for Proposals 2021. The announcement of the projects is available on the Youtube channel of the Bank of Italy. The original titles of the…