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ARTICLE · 21 JUNE 2019

Malta FinTech Version 2021 And Developments In The Approach Towards Artificial Intelligence

Dixcart Group Limited
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Malta has established itself as an innovative island.

MaltaTechnology
Jonathan Vassallo
Jonathan Vassallo

Background

Malta has established itself as an innovative island.

Practical, workable regulations have been successfully introduced for gaming and blockchain/crypto businesses and Malta is now preparing for the next generation of development within the financial service sector. New initiatives include Malta 'FinTech Vision 2021' and the 'Artificial Intelligence Project'.

FinTech Vision 2021

The Malta Financial Services Authority (MFSA) has launched its strategic vision and values for the next three years.

MFSA is currently assessing viable solutions to nurture innovation and to facilitate access to FinTech.

Ongoing assessments include:

  • Regulatory sandbox – an environment in which businesses can test innovative products, services, business models and delivery mechanisms, without immediately having to be governed by the compliance regulations for that specific type of business. Several international financial service regulators have adopted this

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