About Fintech Norway

Our goal is to secure good framework conditions for the fintech industry in Norway

Who are we?

Fintech Norway is the leading FinTech industry association for fintechs operating in the Norwegian market. We work to promote our member’s interests towards relevant regulatory authorities, politicians and ecosystem players.

The association was founded in 2020 and began as an initiative to accelerate the banks’ work with PSD2 and Open Banking – but Fintech Norway has since grown to become much more than just an “PSD2 organisation”.

Today we represent every industry within FinTech in Norway, from payments and insurance, to crowdfunding and crypto – and everything in between.

What do we do?

The main purpose of Fintech Norway is to ensure good regulatory framework conditions for FinTech’s operating in the Norwegian market. With this, we want to create an equal playing field with a fair and impartial judge.

On behalf of our members we challenge the incumbents when necessary, seek out dialogue when possible and constitute a voice in the public debate for their interests.

We do this through regular meetings with the regulators, as well as other relevant government officials, authorities, agencies, politicians and other stakeholder organisations.

Together we will solve challenges that are difficult to solve alone and push boundaries.

How do we do it?

To ensure favorable industry conditions and development, we have established communication lines to the Financial Supervisory Authority, the Norwegian Competition Authority, Data Authority and Consumer Authority. As well as banks and other relevant players.

Fintech Norway has a voice that is heard in the FinTech ecosystem and is already an organisation that authorities and decision-makers turn to for advice regarding the needs of the industry.

Fintech Norway facilitate discussions, exchange of experience, and knowledge sharing within several topics such as PSD2/3, AML/KYC, eID, CBDC, DORA and Crowdfunding regulation.

In addition, we arrange our own events showcasing the latest trends and innovations and facilitating knowledge-sharing and networking.

Our achievements

Accelerated the PSD2 work in Norway by 1-2 years.

Established forums with all the Supervisory Authorities.

Regular meetings with the Financial Supervisory Authority every 6 weeks.

An active ecosystem where you can report issues efficiently, get feedback and engage in discussions.

Merged with the Norwegian Crowdfunding Association, becoming the single biggest fintech industry association in Norway.

Established an API-forum with the banks and their infrastructure operator.

Network

Fintech Norway is also part of a bigger European network of networks through the European Digital Finance Association, ensuring that our members’ voice is also heard in Brussels at the EU level. Most importantly – we are a network for our members.

European Digital Finance Association

— Can you make a short summary of Fintech Norway?

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