Strict fit & proper requirements damage innovation in the financial sector

Press

December 8, 2021

Stricter requirements for experience and competence can damage the innovation and competitiveness of the fintech environment, warns several key players, who point out that the so-called "fit & proper" requirements already present challenges.

Stricter requirements for experience and competence can damage the innovation and competitiveness of the fintech environment, warns several key players, who point out that the so-called "fit & proper" requirements already present challenges. Link to the full article here.

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Member of:

MXNEY ApS, a Danish incorporated limited liability company with its registered business address at Mimersgade 47, 3., 2200, Copenhagen, Denmark, and company registration no. (CVR) no. 41086661, is registered with the Danish Financial Supervisory Authority (FTID 41128) with permission to operate as a lending business pursuant to the Danish Act on Measures to Prevent Money Laundering and Financing and Terrorism section 48, subsection 1.