Project Description
The project has adopted a holistic approach to addressing gaps, considering three main types of stakeholders: state authorities ; DFS/fintech companies & financial institutions; VC/PE companies; and across three components as detailed below.
Component 1: Enabling environment for DFS and EmFi
The component focuses on aligning with EU standards to facilitate the integration and harmonization of Ukraine's legal and regulatory frameworks. The focus is to introduce long-term improvements to the regulatory and financial ecosystems.
Component 2: Development of Financial Infrastructure
Component 2 aims to modernize financial infrastructure and attract private capital to the evolving fintech ecosystem through a series of parallel initiatives in the area of open banking and PE/VC development.
Component 3: Advancing the Fintech Ecosystem
This component aims to foster collaboration, innovation, and regional integration in the fintech ecosystem while addressing evolving financial needs of Ukraine`s Financial service providers. It focuses on equipping market players with the tools and knowledge required to enhance DFS and EmFi adoption and strengthen their potential for access to capital. Activities are designed to support financial literacy, incorporate open banking into activities, and uptake regulatory innovations.