As part of our ongoing effort to bridge the gap between market realities and regulatory ambition, the Fintech Visits to DG FISMA program continues to elevate voices from across Europe’s diverse innovation landscape. April 2025 marked a new edition of this initiative, spotlighting the Czech Republic, a rising force in European digital finance.
A Dynamic Czech Ecosystem on Display
Led by the Czech Fintech Association, represented by Matěj Vácha, this session brought forward three standout companies demonstrating the strength and versatility of the Czech fintech sector:
- Finbricks – Presented by Tomáš Fila, the company showcased tools to simplify PSD2 integration and improve open banking user journeys, helping address persistent inefficiencies in implementation.
- BudgetBakers – Introduced by Michal Kratochvíl, BudgetBakers illustrated how a personal finance app has evolved into a cross-European enterprise finance platform, working with data from over 2,000 banks.
- Partners Banka, a.s. – Presented by Marek Ditz, the newly launched digital-first bank is tailored for modern SMEs and entrepreneurs, focusing on underserved niches in the Czech market.
The Czech Republic’s fintech ecosystem stands out for its high adoption of digital banking, strong cybersecurity capabilities, and a supportive innovation culture—underscored by a vibrant startup and investment community.
Market Insights, Regulatory Dialogue
Throughout the session, participating companies and regulators engaged in open, practical dialogue on several pressing issues:
- Challenges in cross-border scalability and standardization of open banking infrastructure.
- Quality disparities in PSD2 implementation across EU markets.
- The potential for the upcoming Financial Data Access (FIDA) framework to streamline user-centric financial services.
This candid discussion was a strong reminder of the importance of mutual understanding between innovators and policymakers. It also reaffirmed the need for regulation that is both robust and flexible enough to support fintech growth.
Bridging Markets and Regulation: A Shared Mission
The Fintech Visits to DG FISMA series was launched to build closer connections between European fintech ecosystems and EU policymakers. By bringing national innovation leaders directly into the conversation, the initiative ensures that regulation evolves alongside market realities.
We extend our thanks to the Czech Fintech Association and participating companies for making this session a success. We also thank the European Commission for their ongoing openness and engagement, which makes these exchanges meaningful.
Together, we are contributing to a more connected, resilient, and innovation-driven European financial ecosystem.
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