Hungary Unveils New Strategy For Lacklustre Fintech Sector

Hungarian regulators have proposed initiatives aimed at boosting financial innovation in a market still dominated by cash, including speedier licensing, digital ID requirements and industry-wide technology standards.

Magyar Nemzeti Bank (MNB), the country’s central bank and payments regulator, unveiled a new-look fintech strategy this month setting out a range of policy actions and legislative reforms that could be taken to boost digitalisation in the financial sector.

Request a Free Trial

As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.

Take a Trial