Supporting FinTech Innovation in the Czech Republic / Organisation for Economic Co-operation and Development.

Format:

Book

Author/Creator:

Organisation for Economic Co-operation and Development, author.

Language:

English

Subjects (All):

Finance.

Physical Description:

1 online resource (104 pages)

Place of Publication:

Paris : OECD Publishing, 2023.

Summary:

The FinTech sector is a nascent market in the Czech Republic, with only around one hundred regulated or unregulated FinTech firms. This report analyses the Czech FinTech ecosystem and identifies possible hurdles to innovative development. The report also provides recommendations for designing a regulatory sandbox tailored to the country's specificities and which could help alleviate some of the impediments to FinTech development. A sandbox could enhance the Czech authorities' understanding of the impact of innovative mechanisms on financial activities, and enable supervisors to better monitor and ensure compliance of FinTech activities. It could also enhance communication between firms and authorities through targeted dialogue and customised guidance.

Contents:

Practical examples of data sandboxes

Assessment of the Czech FinTech ecosystem

Executive summary

Examples of regulatory sandboxes

Background to innovation facilitators

Background to the feasibility report and lessons learned

Recommendations for a sandbox in the Czech Republic

Foreword.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

92-64-63304-9