The issue focused on Europe and its European partners, but more attention was paid to financial systems in other countries. "This is an area that can be highly controversial," said senior industry leader Tim Stanek.

An EU fund with no member states will start setting up a digital funding service at the end of 2016. It will run from March 2015 until August 2017. The technology would allow individuals to access funds through banks or internet networks for services such as identity checks. The software also includes technologies for alerting websites