Ecosystem map 193 –

Digital transformation has spurred banks to develop their services, with FinTech partnerships playing a significant role. The document indicates an increase in banks partnering with FinTech firms, from 51% in 2021 to 60% in 2023, highlighting a growing openness towards creating new partnerships

Ecosystem map 198 –

Digital Transformation in Banking: Hungarian banks are increasingly embracing digital transformation, with many offering the possibility of remote working using digital infrastructure. However, there’s still room for improvement in terms of digitization level and preparedness. The MNB is actively supporting this digital transformation to enhance the competitiveness and efficiency of the banking sector​

Ecosystem map 200 –

Banking Sector Overview: The banking sector in Hungary is dominated by a few large players, including international banks like KBC, UniCredit, Raiffeisen, and ERSTE, along with the largest Hungarian-owned bank, OTP. The sector underwent consolidation following the global financial crisis, influenced by the Hungarian government’s interventions, including acquiring major stakes in several banks. Currently, the […]