Hungary to cooperate with Dubai on a new front

The Hungarian Fintech Association has signed a letter of intent on cooperation with the Dubai-based MENA Fintech Association with the aim of boosting cooperation and promoting innovation.

In a statement, the associations said they were in agreement that competitive national economies could not function without a digitalised financial system and digital financial solutions.

The memorandum was signed by the heads of the associations at the Dubai Fintech Summit. The event was attended by representatives of Hungarian fintech start-ups, MBH Bank and MBH Fintechlab, among others.

Established in 2018, the MENA Fintech Association is one of the world’s four most active fintech associations with a strong presence in the Middle East and Africa. It is a leader in promoting innovation and building cooperation in the fintech industry. Its members include fintech start-ups, SMEs, financial institutions, tech firms, scientific circles, investors, accelerators, regulators and decision-makers.

The Hungarian Fintech Association was established in 2020 and has 56 members. Its main function is to assist policymakers, regulators and financial institutions in improving the regulatory environment for the fintech sector. The association also assists its Hungarian members in entering foreign markets and its international members in entering the Hungarian market.

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