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Innovation Hub

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The FinTech platform

Ask the regulator!
Join the Innovation Hub!
Take part in the Regulatory Sandbox!
The Magyar Nemzeti Bank is glad to help!

The Magyar Nemzeti Bank has opened a platform for consultation for innovative FinTech firms and established a regulatory test environment.

Here you can look up the Hungarian legislation, request advice directly from the regulator and others, while you can get to know the latest international trends.

 

SERVICES OF THE MNB INNOHUB

 

FinTech legal repository | Licence

How can I get an activity licence? What kind of rules apply to my FinTech firm? We show you the process of licencing. All the relevant legal provisions and obligations are collected in one place. It is worth reading the MNB’s recommendations besides the obligatory rules.

Get a licence! >>  

FinTech Test Track | Regulatory Sandbox

For certain FinTech innovations, regulation can be an obstacle. Financial institutions can test live, under real circumstances in the MNB Regulatory Sandbox, meeting tailor-made standards.

Take part in the Regulatory Sandbox! >>

Request for regulatory support

Is the regulation not clear after reviewing FinTech legal repository? Ask the MNB directly! We give guidance, provide room for consultation. (The regulatory support is linked to the fulfilment of certain criteria, which are available here.)

Ask the regulator! >>
 

FinTech community

The Innovation Hub serves as an information-sharing platform for the whole FinTech ecosystem: FinTech firms, banks, insurers, legal consultants, venture capital firms support each other here. It is worth following the FinTech-related news of the Magyar Nemzeti Bank as well here.

I want to follow the MNB INNOHUB

Domestic associations and representative organisations

International cooperation

The MNB has been cooperating with numerous foreign authorities in order to map the best practices, to help spread successful ideas faster, and to explore the potential risks more efficiently.



I want to know more about international cooperation
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NEWS | EVENTS

MNB provides an opportunity for testing financial innovations cross-border within the Global Financial Innovation Network (GFIN)

The MNB as a member of the Global Financial Innovation Network (GFIN) is inviting applications from innovative firms for its cross-border testing environment. MNB via its Innovation Hub framework has been participating in the initiative from the beginning, and now, when the recent round of applications are invited, is ready to help Hungarian FinTech players to test their innovative solutions in several countries at the same time and welcomes international FinTechs as well to come and introduce their innovations in Hungary.

28 October 2019

MNB launches new report on FinTech and digitalisation

The Magyar Nemzeti Bank is publishing today a new, innovative report on the FinTech ecosystem and the results of the survey of digitalisation conducted in the domestic banking sector. The FinTech and Digitalisation Report, to be published annually, will take an overview of major developments in the areas of FinTech and digitalisation in the global and domestic financial sectors. Building on the findings and the conclusions drawn, the MNB is planning to take further steps to speed up the digital transformation process at domestic financial institutions.

2 April 2020

First GFIN report prepared with contribution from the MNB was published on the experiences of cross-border innovation test environment

The Global Financial Innovation Network (GFIN) announced the inaugural cross-border financial innovation test environment initiative in January 2019. The Magyar Nemzeti Bank (MNB) also joined the initiative. The “Cross-border Testing: Lesson Learned Report”, released on 16 January 2020, summarises the experiences of the first testing phase. Simultaneously with publication of the report, the GFIN also launched its own website for the initiative.

20 January 2020

The MNB published its FinTech strategy

The MNB published its FinTech strategy entitled ‘Financial innovation and stability’ at a conference held with the participation of the representatives of Hungarian FinTech companies. The key objective of the first central bank FinTech strategy in the region is to facilitate the spread of competitive and innovative services in Hungary, strengthen the efficiency and stability of the financial system, stimulate the domestic FinTech ecosystem and develop the general financial culture and professional training. In order to achieve these targets the MNB drafted 24 specific initiatives and proposals.

25 October 2019

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