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.I WANT TO JOIN
ADVANTAGES OF THE MNB INNOHUB
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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? 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! >>
Communication Hub and International Platform
The Communication 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
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
NEWS | EVENTS
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 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
“GFiN – one year on” A reflection of the GFiN’s achievements and challenges since inception, and ambitions for the future
Today Magyar Nemzeti Bank, the Central Bank of Hungary is pleased to announce the publication of the Global Financial Innovation Network’s (“GFIN”) “One Year On” report.
The GFiN is a network of international regulators and related organisations committed to supporting financial innovation and to creating a framework for co-operation between regulators to share experiences and approaches to innovation.
28 June 2019
The MNB promotes the innovations of the financial sector by a Regulatory Sandbox among the first countries in the region
The MNB promotes the spread of FinTech innovations in a safe manner that does not pose risks for the financial system by the launch of a Regulatory Sandbox. In the test environment that starts operating from 2019, the financial institutions that meet the defined criteria may fulfill certain provisions of MNB Decrees with a deviation for a limited time while testing innovative solutions with strong consumer protection and close regulatory monitoring. The innovators may apply to the test environment through a preliminary consultation already starting today.
19 December 2018