The MNB organized knowledge-sharing seminar on Digitizalization and Fintech

The Technical Cooperation Programme aims to foster the MNB’s collaboration with its partners, facilitate the exchange of knowledge and financial dialogue among central banks. The Programme launched in 2023 by Magyar Nemzeti Bank, the central bank of Hungary continued with its second seminar titled “The MNB’s approach on supporting Digitization and FinTech innovations” organised between 25-27 October in Budapest. The 2,5-day event was an excellent opportunity for the participating experts to expand their knowledge and build valuable relationships with other professionals from the Balkans, the Caucasus, the Middle East, Central and East Asia.  

The future of central banking is inextricably linked to innovation. As the digital economy and financial innovation expand beyond regulatory perimeters and national borders, policymakers need institutional mechanisms to help them work and learn together.

During the seminar the current global FinTech trends were discussed first. As part of the theoretical introduction, participants gained an in-depth insight into the financial stability and market integrity considerations that the newly appeared FinTech solutions brought about. The participants of the seminar also learnt about MNB’s digital policy tools and digitalisation technologies via case studies and received information on the cyber security aspects as well. The second part of the seminar covered the CBDC design aspects, theoretical considerations, and introduced the global and Hungarian CBDC projects. The seminar also included a crypto-assets and blockchain technology workshop, which provided participants with an opportunity to enhance their practical knowledge on the topic.

Themed “Stability and Innovation”, the MNB Technical Cooperation Programme offers four seminars over the year, covering both conventional central banking functions and the most current, technology-driven developments of the financial landscape. In the future, the program is expected to expand in accordance with the latest trends and the needs of our partners. The introductory brochure of the program, which contains detailed description of the seminars and application deadlines, is available on MNB's webpage.

Within the framework of the new Programme, two more seminars are organized in 2023 in Budapest:

Financial Infrastructures, Payments and Cyber Security                                  22-24 November 2023

Financial Stability and Macroprudential Policymaking                                         6-8 December 2023