Romania: Financial Supervisory Authority Launches Fintech Hub Project

On August 14, 2019, the Romanian Financial Supervisory Authority (ASF) announced the launch of the FinTech Hub project, which is designed to create an institutional framework for improving the dialogue between the ASF, financial institutions and fintech developers.

The ASF encourages the development of fintech solutions that may be applied in regulated markets, under the supervision of the ASF. The project is intended to provide the foundation for such development, as well as improve communication between the ASF and financial market participants for them to better understand the opportunities and risks associated with fintech.

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