Supporting FinTech Innovation in the Czech Republic

Regulatory Sandbox Design Considerations

EU Funded Note The FinTech sector is a nascent market in the Czech Republic, with only around one hundred regulated or unregulated FinTech firms. This report analyses the Czech FinTech ecosystem and identifies possible hurdles to innovative development. The report also provides recommendations for designing a regulatory sandbox tailored to the country’s specificities and which could help alleviate some of the impediments to FinTech development. A sandbox could enhance the Czech authorities’ understanding of the impact of innovative mechanisms on financial activities, and enable supervisors to better monitor and ensure compliance of FinTech activities. It could also enhance communication between firms and authorities through targeted dialogue and customised guidance.

Available from June 21, 2023Also available in: Czech


Executive summary
Assessment of the Czech FinTech ecosystem
Recommendations for a sandbox in the Czech Republic
Annexes4 chapters available
Background to the feasibility report and lessons learned
Background to innovation facilitators
Practical examples of data sandboxes
Examples of regulatory sandboxes
Powered by OECD iLibrary