FinTech = Financial Technology, namely technology, notably information technology, that is used for the provision of banking, insurance, financial, investment or payment services. The term is also used to refer to growth companies that develop new financial technologies or new services based on financial technologies.
Examples of FinTech innovations and phenomena
- robotic asset management
- mobile wallets
- customer service chatbots
- crypto assets, such as Bitcoin, Litecoin and Ethereum
- peer-to-peer lending and peer-to-peer insurance
- smart contracts.
What is the FIN-FSA’s role in digitalisation and FinTech issues?
Digitalisation is transforming the structures and operating practices of society, and the financial sector is no exception. Increasing competition, regulatory reform and changing customer needs and expectations are encouraging financial companies to develop services and products based on new technologies for their customers. The FIN-FSA keeps track of technological advances and trends in the financial sector, accommodating its supervisory activities to reflect the development of the sector. The FIN-FSA is also the authorisation authority for financial companies. New service providers, such as FinTech start-up companies, apply for authorisation or registration with the FIN-FSA, as required. The FIN-FSA welcomes innovation but, in its role as an authority, it also needs to identify the risks inherent in innovation.
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Press releaseCombined penalty payment of EUR 400,000 for Oma Savings Bank Plc for omissions regarding maintenance of insider listspress release penalty payment
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Press releasePenalty payment of EUR 115 000 to Pareto Securities Ltd for omissions in transaction reporting The Financial Supervisory Authority (FIN-FSA) has imposed on Pareto Securities Ltd a penalty payment of EUR 115 000 for omissions in transaction reporting.
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Press releaseFIN-FSA obliges Nanocredit LTD to disclose information on credits granted by it to the Positive Credit Register – enforced by running conditional fine The Financial Supervisory Authority (FIN-FSA) has, by a decision issued on 11 March 2026, obliged Nanocredit LTD to disclose information on credits granted by it to the Positive Credit Register. To enforce the obligations stated in the decision, it has imposed a running conditional fine. The base amount of the conditional fine is 10,000 euro and supplementary amount 5,000 euro per each full month during which the obligation is not complied with.fin-fsa press release
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Press releaseMacroprudential decision: Housing loan cap and countercyclical capital buffer requirement for banks to remain unchanged
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Press releaseCombined penalty payment of EUR 70 000 to Familiam Asset Management Oy for omissions in reporting The Financial Supervisory Authority (FIN-FSA) has imposed a combined penalty payment of EUR 70 000 on Familiam Asset Management Oy for omissions in transaction reporting and regular reporting.press release fin-fsa penalty payment
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Supervision releaseThematic review of reporting of waiver indicators in transaction reportingthematic review transaction reporting
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Supervision releaseESMA guidelines on liquidity management tools for UCITS and open-ended alternative investment funds (ESMA34-671404336-1364) – application to new and existing fundsESMA fin-fsa Alternative investment funds
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Supervision releaseAmendments to regulations and guidelines on the organisation and procedures of investment fund activities and on alternative investment fund managersfin-fsa Alternative investment fund managers
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Supervision releaseEBA Guidelines on ancillary services undertakings specifying the criteria for the identification of activities – Application begins on 4 May 2026EBA guidelines ancillary services undertakings
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Supervision releaseEBA Guidelines on proportionate retail diversification methods under Article 123(1) of Regulation (EU) No 575/2013 – applicable from 19.5.2026EBA guidelines diversification methods proportionate retail