While supporting the financial services industry to harness the opportunities presented by technological innovation, the MFSA is seeking to provide legal and regulatory certainty to industry players and ensure effective investor protection, market integrity and financial soundness in the FinTech environment, by embarking on a longer-term strategy.
The Authority thus proposed the MFSA FinTech Strategy which presents a wider, cross-sectorial approach underpinned by six strategic pillars. The key foundational elements of the Strategy will be the introduction of a ‘FinTech Regulatory Sandbox’ and a FinTech Innovation Hub. The Consultation Document presented the MFSA’s vision and strategy towards developing Malta into a global FinTech hub.
