Global FinTech Guide
Global Overview

The global overview provides a quick comparison of legal and economic considerations for every participating country. To read more in-depth country specific information for each area, please select a country from the list.

Online banking services
FinTechs belonging to this area offer traditional banking services in a modern way, usually through online services or mobile applications as well as ancillary services – e.g. enabling customers to manage their giro- or custody-accounts online and in real time or offering e-wallet services. Keywords in this context are also API-Banking or Banking as a Service (BaaS)/ Bank as a Platform (BaaP). API-Banking: API stands for application programming interface and is offered to access data banks and to extract and insert information. API-Banking consequently means the access to data banks of banks to offer new and innovative banking applications. Through these services FinTechs offer services with new functions – e.g. enabling customers to manage their accounts online and in real time. BaaS – Bank as a Service/BaaP – Bank as a Platform: The API-based Bank as a Service platform has a full banking licence, but merely serves as the back end for standalone independent FinTechs, which "use" the licence and the back end of the bank to offer new financial services, launch additional financial products or expand into additional markets.
CountryDonation-based CrowdfundingReward-based CrowdfundingCrowdinvestingCrowdlending
Albanianononono
Argentinanonoregulation; license requiredno
Australianonoregulation; license requiredregulation; license required
Austrianonoregulationregulation
Boliviaregulationregulationregulation; license requiredregulation; license required
Bosnia and Herzegovinanononono
Bulgarian/an/aregulation; license requiredregulation; license required
Canadanonoregulation; license requiredregulation; license required
Chileregulation; license requiredregulation; license requiredregulation; license requiredregulation; license required
Chinaregulation; license requirednoregulationregulation; license required
Colombianonoregulation; license requiredregulation; license required
Costa Ricalicense requiredlicense requiredlicense requiredlicense required
Croatiaregulation; license requirednoregulation; license requiredregulation; license required
Czech Republicnonoregulation; license requiredregulation; license required
Dominican Republicnoregulation; license requiredregulation; license requiredno
Finlandregulation; license requiredregulation; license requiredregulation; license requiredregulation; license required
Franceregulation; license requiredregulation; license requiredregulation; license requiredregulation; license required
Germanynonoregulation; license requiredregulation; license required
Hong Kongnononono
Hungarynonoregulation; license requiredregulation; license required
Irelandnononoregulation; license required
Italynonoregulation; license requiredregulation; license required
Japannonoregulation; license requiredregulation; license required
Korea, Republic ofnonoregulation; license requiredregulation; license required
Malaysianonoregulation; license requiredregulation; license required
Mexicoregulation; license requiredregulation; license requiredregulation; license requiredregulation; license required
Montenegronononono
New Zealandnonoregulation; license requiredregulation; license required
Nigerianoregulation; license requiredregulation; license requiredregulation; license required
North Macedonianononono
Perunoregulation; license requiredregulation; license requiredregulation; license required
Philippinesnonoregulation; license requiredregulation; license required
Polandnonoregulation; license requiredregulation; license required
Portugalregulationregulationregulation; license requiredregulation; license required
Romanianonoregulation; license requiredregulation; license required
Russiaregulationregulationregulationregulation
Saudi Arabianonoregulation; license requiredregulation; license required
Serbianononono
Singaporeregulationnoregulation; license requiredregulation; license required
Slovenianonoregulation; license requiredregulation; license required
Spainnoregulation; license requiredregulation; license requiredregulation; license required
Switzerlandnonoregulation; license requiredregulation; license required
Thailandnonoregulation; license requiredregulation; license required
Turkeynonoregulation; license requiredregulation; license required
United Kingdomnonoregulation; license requiredregulation; license required
United Rep of Tanzanianononono
United Statesnonoregulation; license requiredregulation
Uruguaynonolicense requiredno
Vietnamregulation; license requirednonono
Regulation of identification services and requirement of a license
CountryAnswer Text
Albaniaregulation2163Albania
Argentinaregulation2508Argentina
Australiaregulation2178Australia
Austriaregulation; license required2673Austria
Boliviaregulation; license required21006Bolivia
Bosnia and Herzegovinaregulation; license required2193Bosnia and Herzegovina
Bulgariaregulation2973Bulgaria
Canadaregulation; license required2148Canada
Chileregulation; license required2238Chile
Chinaregulation; license required2253China
Colombiaregulation; license required2268Colombia
Costa Ricaregulation; license required2283Costa Rica
Croatiaregulation; license required2298Croatia
Czech Republicregulation; license required2808Czech Republic
Dominican Republicregulation; license required2822Dominican Republic
Finlandregulation2855Finland
Francen/a2718France
Germanyregulation; license required2133Germany
Hong Kongregulation; license required2733Hong Kong
Hungaryregulation; license required2343Hungary
Irelandregulation2688Ireland
Italyregulation; license required2328Italy
Japanlicense required2845Japan
Korea, Republic ofregulation; license required2358Korea, Republic of
Malaysiaregulation; license required2658Malaysia
Mexicoregulation2628Mexico
Montenegroregulation; license required2373Montenegro
New Zealandregulation; license required2388New Zealand
Nigeriaregulation; license required2899Nigeria
North Macedoniaregulation; license required2433North Macedonia
Peruregulation; license required2418Peru
Philippinesregulation; license required2403Philippines
Polandregulation; license required2478Poland
Portugalregulation; license required2493Portugal
Romaniaregulation; license required2793Romania
Russialicense required2909Russia
Saudi Arabiaregulation; license required2876Saudi Arabia
Serbiaregulation; license required2463Serbia
Singaporeregulation; license required2948Singapore
Sloveniaregulation; license required2523Slovenia
Spainregulation; license required2538Spain
Switzerlandregulation; license required2703Switzerland
Thailandregulation; license required2553Thailand
Turkeyregulation; license required2748Turkey
United Kingdomregulation; license required2778United Kingdom
United Rep of Tanzaniaregulation; license required2763United Rep of Tanzania
United Statesregulation; license required2583United States
Vietnamregulation2958Vietnam
Difficulty of upholding compliance with the regulation regarding identification services
CountryAnswer
Albaniaaverage2163Albania
Argentinaaverage2508Argentina
Australiaaverage2178Australia
Austriaaverage2673Austria
Boliviaaverage21006Bolivia
Bosnia and Herzegovinaaverage2193Bosnia and Herzegovina
Bulgariaaverage2973Bulgaria
Canadahard2148Canada
Chileaverage2238Chile
Chinahard2253China
Colombiaaverage2268Colombia
Costa Ricahard2283Costa Rica
Croatiaaverage2298Croatia
Czech Republichard2808Czech Republic
Dominican Republichard2822Dominican Republic
Finlandaverage2855Finland
Francen/a2718France
Germanyaverage2133Germany
Hong Kongaverage2733Hong Kong
Hungaryaverage2343Hungary
Irelandaverage2688Ireland
Italyaverage2328Italy
Japanaverage2845Japan
Korea, Republic ofhard2358Korea, Republic of
Malaysiaaverage2658Malaysia
Mexicoeasy2628Mexico
Montenegrohard2373Montenegro
New Zealandaverage2388New Zealand
Nigeriaaverage2899Nigeria
North Macedoniaaverage2433North Macedonia
Peruaverage2418Peru
Philippineshard2403Philippines
Polandaverage2478Poland
Portugalaverage2493Portugal
Romaniaaverage2793Romania
Russiaaverage2909Russia
Saudi Arabiaaverage2876Saudi Arabia
Serbiaaverage2463Serbia
Singaporehard2948Singapore
Sloveniahard2523Slovenia
Spainhard2538Spain
Switzerlandhard2703Switzerland
Thailandaverage2553Thailand
Turkeyhard2748Turkey
United Kingdomhard2778United Kingdom
United Rep of Tanzaniahard2763United Rep of Tanzania
United Stateshard2583United States
Vietnamaverage2958Vietnam
Level of competition regarding identification services
Albanialow2163Albania
Argentinaaverage2508Argentina
Australiaaverage2178Australia
Austriaaverage2673Austria
Boliviaaverage21006Bolivia
Bosnia and Herzegovinan/a2193Bosnia and Herzegovina
Bulgariahigh2973Bulgaria
Canadahigh2148Canada
Chileaverage2238Chile
Chinahigh2253China
Colombiahigh2268Colombia
Costa Ricahigh2283Costa Rica
Croatiaaverage2298Croatia
Czech Republiclow2808Czech Republic
Dominican Republicn/a2822Dominican Republic
Finlandaverage2855Finland
Francen/a2718France
Germanyaverage2133Germany
Hong Kongaverage2733Hong Kong
Hungaryaverage2343Hungary
Irelandhigh2688Ireland
Italyhigh2328Italy
Japanaverage2845Japan
Korea, Republic ofhigh2358Korea, Republic of
Malaysiahigh2658Malaysia
Mexicoaverage2628Mexico
Montenegrohigh2373Montenegro
New Zealandaverage2388New Zealand
Nigeriahigh2899Nigeria
North Macedoniahigh2433North Macedonia
Peruaverage2418Peru
Philippinesaverage2403Philippines
Polandhigh2478Poland
Portugalhigh2493Portugal
Romaniaaverage2793Romania
Russiaaverage2909Russia
Saudi Arabiahigh2876Saudi Arabia
Serbialow2463Serbia
Singaporehigh2948Singapore
Sloveniahigh2523Slovenia
Spainaverage2538Spain
Switzerlandhigh2703Switzerland
Thailandhigh2553Thailand
Turkeylow2748Turkey
United Kingdomhigh2778United Kingdom
United Rep of Tanzaniaaverage2763United Rep of Tanzania
United Stateshigh2583United States
Vietnamaverage2958Vietnam

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