Exhibitor

(SizeLimitingPyMap: {booth=5A29, company_name=CENTRAL BANK OF HUNGARY (MNB), content=Magyar Nemzeti Bank (MNB), established in 1924, is a member of the European System of Central Banks. The MNB performs all key central bank functions including conducting monetary policy, promoting financial stability, holding and managing official reserves, developing and monitoring the payment and settlement systems, and is also responsible for the prudential supervision of the financial system, as well as for consumer protection and market conduct oversight. Besides, MNB is the first European central bank with a dedicated green mandate., country=Hungary, exhibition_category=Exhibitor, facebook=https://www.facebook.com/jegybank/, hs_createdate=1730463379307, hs_lastmodifieddate=1731569156280, hs_object_id=19214046478, hs_object_source=INTEGRATION, hs_object_source_detail_1=OEM Integration, hs_object_source_id=1940923, hs_object_source_label=INTEGRATION, hs_pipeline=102713672, hs_pipeline_stage=186575225, hs_updated_by_user_id=68932678, hs_was_imported=true, id=19214046478, individual_page_type=[Exhibitor], instagram=https://www.instagram.com/jegybank/, linkedin=https://www.linkedin.com/company/magyar-nemzeti-bank, logo_image_url=https://24345494.fs1.hubspotusercontent-na1.net/hubfs/24345494/SFF%202023/Sponsor-Exhibitor/mnb100_gold_eng@4x_sff20241011_104332-Nov-01-2024-12-16-20-5219-PM.png, product_and_service=[Central Banks & Regulators], product_and_service_v2=[Central_Banks_Regulators], product_and_services_oem_data=Central Banks & Regulators, product_name_1=Digitalisation and FinTech development, product_name_2=Instant Payment System, product_name_3=MNB Green Program, product_name_4=Money Museum App, product_shortcut_1=The Magyar Nemzeti Bank is continuously improving its financial innovation toolkit, and its dedicated executive directorate in charge of the digitalisation of the incumbent financial system, the central bank itself, and the development of the FinTech sector has been pursuing these goals since 2019. We are eager to support Fintech companies ready to conquer the European Single Market in all kinds of licensing and supervisory enforcement-related issues. As we are an independent, integrated central bank, prudential supervisor and conduct authority, we can facilitate swift and easy EU-wide passporting for the well-prepared applicants. We are also welcoming eligible innovators into our Regulatory Sandbox and Innovation Hub platforms., product_shortcut_2=The Hungarian Instant Payment System has been launched on 2 March 2020. Payments are available 24/7/365 among all Hungarian payment accounts within 5 seconds, on a mandatory basis. The system requires all market participants to provide a range of additional services, like request to pay or QR code based payments, etc., product_shortcut_3=„The first European central bank with a dedicated green mandate” In order to support the sustainable convergence of Hungary the MNB has up to this point primarily focused on the areas of economy, finance, and society. As the next step – in the ecological dimension of sustainable convergence – the MNB wishes to contribute to different domestic and international initiatives in the framework of a Green Program with the aim to fight climate change that poses severe ecological, economic and financial risks also to Hungary, and to contribute to the development of Hungary., product_shortcut_4=MNB launched the Money Museum mobile app on the International Museum Day, on 18 May 2022. The app provides the opportunity to pilot how a central bank can issue a digital instrument and operate a blockchain based environment that is also able to register the ownership of physical commemorative coins for collectors. Since its start the MNB issued more than 700.000 NFTs through the application., record_type=[Exhibitor], sff_path=magyarnemzetibank, sff_sponsor_and_exhibitor_name=CENTRAL BANK OF HUNGARY (MNB), sort_type=C, status=Active, twitter=https://x.com/MNB_Hungary, unique_reference_number=EX10350, website=https://www.mnb.hu/web/en, zone=Regulation Zone}) Digitalisation and FinTech development The Magyar Nemzeti Bank is continuously improving its financial innovation toolkit, and its dedicated executive directorate in charge of the digitalisation of the incumbent financial system, the central bank itself, and the development of the FinTech sector has been pursuing these goals since 2019. We are eager to support Fintech companies ready to conquer the European Single Market in all kinds of licensing and supervisory enforcement-related issues. As we are an independent, integrated central bank, prudential supervisor and conduct authority, we can facilitate swift and easy EU-wide passporting for the well-prepared applicants. We are also welcoming eligible innovators into our Regulatory Sandbox and Innovation Hub platforms. Instant Payment System The Hungarian Instant Payment System has been launched on 2 March 2020. Payments are available 24/7/365 among all Hungarian payment accounts within 5 seconds, on a mandatory basis. The system requires all market participants to provide a range of additional services, like request to pay or QR code based payments, etc. MNB Green Program „The first European central bank with a dedicated green mandate” In order to support the sustainable convergence of Hungary the MNB has up to this point primarily focused on the areas of economy, finance, and society. As the next step – in the ecological dimension of sustainable convergence – the MNB wishes to contribute to different domestic and international initiatives in the framework of a Green Program with the aim to fight climate change that poses severe ecological, economic and financial risks also to Hungary, and to contribute to the development of Hungary.