In the last few years, a robust domestic FinTech ecosystem is taking shape in Vienna with notable FinTech startups in various sectors, including Payments, Investing, Insurance, and Accounting, to list a few.
This momentum was reflected by the increasing number of FinTech-related inquiries received by the Austrian Financial Market Authority (AFM). In the year 2016, the AFM set up a “FinTech Point of Contact” as a one-stop-shop for young and innovative FinTech companies to get simple and straightforward clarifications on issues pertaining to regulation and supervision about their business model. |
