From a political perspective, there is also growing support of integrating FinTech within the Danish financial sector, which is why The Danish Financial Supervisory Authority (FSA) is developing the FinTech Lab, a regulatory sandbox, as part of its initiatives to promote the use of innovative technology in the financial sector. The Danish FSA’s sandbox project will allow selected businesses to test their inventions in a controlled setting, and the overall purpose of the FinTech Lab is to:
- Provide a basis for testing innovative financial products and services
- Promote the development of beneficial financial products and services for the consumers and the society
- Enable the Danish FSA to better understand Fintech
- Support the use of new technology in the financial sector
The future of the FinTech industry is bright, as its impact has already revolutionized the financial sector. Not only do hubs such as Copenhagen Fintech keep a close eye on the industry; so does Invest in Denmark. Fintech is rapidly changing client demands and expectations and we stand ready to introduce you to one of the leading Fintech ecosystems in Europe.