Answer ... See question 2. Although the Norwegian market is small, the fintech sector has seen rapid growth and more than 100 companies are now operating in this space. Investment vehicles are also being established, which will hopefully fuel further growth in this sector.

Some fintech companies have become household names (eg, Vipps, Auka, Deal Flow, Enin Payer, Quantfolio, Fiken, Tribe). However, based on the number of deals and the value of investment capital, it appears that there has been less activity in the sector in 2019 than in 2018. The full impact of the Second Payment Services Directive has yet to be realised in the payment sector and in the area of open banking; we anticipate significant new developments here in the next 12 months. We also expect:

• disruption in the accounting sector, with the establishment of a new generation of accounting firms;
• continued growth in the crowd segment;
• further integration of the offering of exchange services for cryptocurrencies and wallet providers into the fiat economy, with less friction in this segment; and
• new regulations in relation to financial services, crowdlending, loan intermediation and consumer protection.