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Dutch landscape attracts fintech exploration
This article is part of the CW Benelux issue of May-July 2020
The Dutch have a natural preference for cooperation and sharing risks and profits. They also value fair trade, trust and liquidity, so it is no surprise that the Netherlands offers a good environment for financial technology (fintech) companies, which has attracted interest since the UK began the process of leaving the European Union (EU). The Netherlands government takes proactive steps to ensure that fintech entrepreneurs, startups and the rest of the financial sector have access to all available knowledge in order to be successful and compliant. To this end, the Dutch Central Bank and the Netherlands Authority for the Financial Market set up then InnovationHub, where companies can ask the organisations questions in an informal setting. Stephan Punt, head of risk and compliance at Dutch fintech Floryn, said the Netherlands is an attractive country for fintech companies. “We have a central location in Europe and a lot of talent, both technologically and financially, through the country’s high-quality education,” he said. Punt ...
Features in this issue
IT leaders in Belgium, the Netherlands and Luxembourg expect bigger budgets this year, with spending on digital transformation projects and related technologies being prioritised
Tech experts discuss the challenges and potential solutions to the Netherlands government’s IT problems
In 2019, the Netherlands had more than 450 companies active in financial technology. The country’s “polder model”, in which new and traditional companies work closely together, offers many opportunities for fintechs