MFSA’s consultation aims to support fintech investments

(source: Unsplash/Jonas Leupe)

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The Malta Financial Services Authority (MFSA) and the Financial Intelligence Analysis Unit (FIAU) joined together to launch a consultation on guidance to credit and financial institutions opening accounts for fintechs, according to a press statement by MFSA.

The guidance aims to facilitate the process for providers opening accounts for fintechs. The recently announced initiative complements a more comprehensive effort to develop and regulate the financial technology industry in Malta, the press statement says.

At the same time, the MFSA says it stays committed to ensuring investor protection, financial market integrity and financial stability.

The consultation document is available for public view at the official website of the MFSA.