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?
Hungary

Answer ... In light of the favourable tax rules and funding programmes available for small and medium-sized enterprises, Hungary is a perfect destination for fintech companies and investors. The presence of talented and highly educated professionals also facilitates innovation.

However, the regulatory framework has not yet caught up with such innovation. Thus far, the National Bank of Hungary (NBH) has drawn attention to the possible risks arising from new trends and has adopted a rather cautious approach towards fintech solutions. The NBH prioritises the stability of the financial sector and consumer protection. Therefore, in the case of all fintech-related solutions, the assessment of whether they qualify as regulated activities is particularly important.

Co-author: Dr. Dániel Szabó

For more information about this answer please contact: Veronika Bakonyi from Gardos Mosonyi Tomori Law Office
Contributors
Topic
FinTech