FinTech Center

Financial Technology Center (FinTech Center)

According to the sub-decree No.113 ANKr.BK dated 14 July, 2021 on Organization and Functioning of Subordinated Entities under Non-Bank Financial Services Authority (FSA), the Financial Technology (FinTech) Center of the General Secretariat of FSA was established to promote the development and use of FinTech in non-bank sector.

Mission

"The Financial Technology Center plays role as an executive assistant of the General Secretariat of Non-Bank Financial Services Authority to develop and innovate non-bank financial technology in accordance with policies, strategies, laws and regulations, as well as international best practices."

Roles and Functions

Prepare and implement the defined action plan of FinTech Center;
Study internationally best practices related to FinTech;
Prepare and propose the master plan for promoting and boosting the development of financial technology;
Support and advise FSA on preparing regulations related to financial technology innovations, market trends, new business models, services, products and related risks;
Disseminate new regulations related to financial technology;
Coordinate and support regulators to provide licensing, permits or recognition of financial technology companies;
Support regulators in launching FinTech sandboxes;
Perform other tasks as directed by the General Secretariat of FSA.