Comparative Guides

Welcome to Mondaq Comparative Guides - your comparative global Q&A guide.

Our Comparative Guides provide an overview of some of the key points of law and practice and allow you to compare regulatory environments and laws across multiple jurisdictions.

Start by selecting your Topic of interest below. Then choose your Regions and finally refine the exact Subjects you are seeking clarity on to view detailed analysis provided by our carefully selected internationally recognised experts.

4. Results: Answers
FinTech
11.
Tips and traps
11.1
What are your top tips for fintech players seeking to enter your jurisdiction and what potential sticking points would you highlight?
Norway

Answer ... The Norwegian market is transparent, with an open attitude and many accelerators and hubs which foster innovation. Banks are collaborating with fintech companies, although the establishment of such relationships can take time. Fintech companies should be proactive but patient when dealing with established players. Like many EU member states, Norway has demanding regulatory regimes which make compliance and legal support important to navigate. Challenges include the slow pace at which the Norwegian regulators process applications and the fact that guidance in new areas is not well advanced. The access to risk capital is limited, but will hopefully improve in the years to come.

For more information about this answer please contact: Petter Bjerke from Advokatfirma DLA Piper Norway DA
Contributors
Topic
FinTech