Fintech

In order to raise understanding of the regulation of fintech and the use of new technology, both in the sector and in the Danish FSA, we have created the Fintech Forum. The Forum will consist of a wide range of sector representatives.

The Danish FSA's sandbox initiative, where selected companies have the possibility to test their innovations in a secure environment.

July 10th 2019, the Danish FSA published a set of recommendations for financial institutions on the use of supervised machine learning (“God praksis ved brug af superviseret machine learning"). The paper is based on experience gained by the Danish FSA, including from the regulatory sandbox FT Lab and from the cooperation with European supervisory authorities.

The government has decided to make it easier for fintech startups to get started in Denmark. Thus, the Danish FSA has created a dedicated fintech team unit the Division of Fintech, Payment Services and Governance.

For many fintech entrepeneurs the first meeting with the financial regulation can be overwhelming. Thus, the fintech unit will help entrepeneurs understand and navigate in the financial legislation.

The fintech unit works for a close cooperation within in the European Union - and especially in the Nordics.The Danish FSA has also established a fintech bridge between Singapore and Denmark, through which knowledge and experience is being shared.

On 4 December 2019 the Danish FSA hosted a fintech conference. Read more and find the presentations of the speakers here. Also, find our discussion paper on the subjects open banking, crypto assets and big tech. We would very much like to hear your views on this! Deadline is 17 February 2020.