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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.

I WANT TO JOIN
 
 

ADVANTAGES OF THE MNB INNOHUB

 

INFORMATION

 

Look it up!

 

INCLUSION

 

Join in!

 

INSPIRATION

 

Create!

 

INTERNATIONAL

 

Cooperate!

 
 

Innovate!

 

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
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NEWS | EVENTS

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

New central bank platform to encourage FinTech developments

As of today, the MNB supports the safe spreading of new FinTech initiatives in financial markets while preserving financial stability by launching an Innovation Hub. The new initiative was presented to the leaders of FinTech firms, financial institutions and business associations by László Windisch, the Central Bank’s Deputy Governor responsible for financial institutions supervision and Anikó Szombati, Executive Director, during a professional consultation held today.

20 March 2018

MNB FinTech conference - Innovation and Stability: FinTech opportunities and challenges

The aim of the conference titled "Innovation and Stability: FinTech opportunities and challenges" was to facilitate the cooperation between stakeholders of the FinTech ecosystem in order to enable FinTech innovations to safely support the competitiveness of the domestic financial system. The presenters and panel discussion participants represented a wide range of the FinTech ecosystem: incumbent institutions, FinTech companies, international advisors and the regulatory authority.

20 April 2018

 

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