The First Fintech Mapping RELEASED

This October, the Bulgarian Fintech Association(BFA), in collaboration with Innovative Sofia delivered the very first Fintech Mapping. This year’s mapping represents the Fintech Landscape in Sofia and its main characteristics. This initiative is the first step of an ongoing initiative to promote Bulgaria as a Fintech Destination, welcoming innovative companies in the financial innovation sector. The official release of the 2020 Sofia Mapping was done during a virtual event, organized by the BFA and Innovative…

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Digital Challenges of the Bulgarian Banks 2020

As the demand for digitisation of financial services increases, the traditional financial institutions often struggle with the implementation of innovative solutions. However, although it is widely known that banks currently face various issues, related to the digital transformation of their financial services, there is a lack of consolidated information on what those issues are. This is why iRoboInvest recently released a report on the “Digital Challenges of the Bulgarian Banks”. The report represents the opinion…

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Първият български финтек доклад

Общият брой на финтек компаниите в България е 65, като по този показател страната е лидер в региона на Югоизточна Европа; През последните три години оперативните приходи на финтек сектора са се удвоили, а средният ръст на индустрията на годишна база е около 33,5%; Около 1/3 от българските финтек компании развиват своята дейност в сферата на плащанията. София, България – Българска финтек асоциация издаде първия цялостен доклад за състоянието на финтек сектора в България. Целта на проучването,…

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The First Bulgarian Fintech Report

The estimated number of Bulgarian Fintech companies is 65, which is more than that in any other SEE country; In the last three years the total operating revenue of the fintech sector has more than doubled, maintaining a steady increase of approximately 33.5% on an annual basis; The majority of the Bulgarian Fintech companies operate in the Payments segment. Sofia, Bulgaria – The Bulgarian Fintech Association recently released the first comprehensive report about the Fintech sector in…

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EBA Report on the Regulation of FinTech Activities

The European Banking Authority (EBA) has published its EBA Report on Regulatory perimeter, regulatory status and authorisation approaches in relation to FinTech activities of 18 July 2019 describing the regulatory framework applicable to fintech firms when accessing the market. The report sets out the EBA’s findings from an analysis of national developments on the regulatory perimeter for fintech activities and services, the national regulatory status of fintech firms and the authorisation approaches of national competent authorities (NCAs)…

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Report on Regulatory Sandboxes and Innovation Hubs

The European Supervisory Authorities (ESAs, i.e. EBA, EIOPA and ESMA) have published the attached Report – FinTech: Regulatory sandboxes and innovation hubs, JC 2018 74 of 7 January 2019 under Article 9(4) of each ESA Regulation and following the Commission’s March 2018 FinTech Action Plan that mandates the ESAs to carry out an analysis of innovation facilitators and to identify best practices. The report contains a comparative analysis of the innovation facilitators established to date in…

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