Policymaker's Keynote on Building Fintech Ecosystems

 

 

Policymaker's keynote on building fintech ecosystems

 

Friederike Lange, representing the German Federal Ministry of Finance, delivered a keynote at the Singapore FinTech Festival 2024 on Germany's commitment to building a robust fintech ecosystem.

 

1. Supportive policies and Iinvestments

  • Initiatives like the €10 billion Future Fund and the WUN initiative aim to mobilise private and public venture capital for startups.
  • Regulatory reforms simplify frameworks, reduce red tape, and enable mechanisms like employee stock ownership to attract talent.

2. European collaboration and market integration

  • Efforts to reduce market fragmentation aim to create a unified European capital market.
  • Initiatives like the European Tech Champions Initiative leverage public funds to catalyse private investment.

3. Emerging trends in AI and data:

  • The EU’s AI Act sets ethical and safety guardrails while promoting innovation.
  • Open finance initiatives empower consumers by standardising and mandating data sharing.

4. Focus on crypto and blockchain:

  • Germany leads in crypto regulation and digital finance with frameworks like MICA and tokenized bond trials.
  • Bridging traditional finance and new technologies is a priority through innovations like the Bundesbank trigger solution.

 

Germany is committed to fostering a dynamic fintech ecosystem that drives innovation, promotes global collaboration, and creates opportunities for businesses and consumers alike. As we navigate the digital finance landscape, partnerships like those cultivated here will be key to shaping a resilient and inclusive financial future.

 

Watch Full Session

 

 

Speaker:

  • Friederike Lange, Head of Digital Finance, Payment Services and Cybersecurity, German Federal Ministry of Finance
 
 
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