Dutch Fintech action plan

Connective Payments, 3 July 2020

The Dutch Minister Wopke Hoekstra has launched the so called Fintech action plan to let the current 635 Fintech companies grow faster and give opportunities to new companies.

The Netherlands´ strong points according to the government are: a digital infrastructure, attractive culture, English language, central location and high quality of supervision. There are also areas for improvement: the plan mentions governmental propagation of Fintech policies, attracting talent and paying attention to remuneration policy (the Netherlands has the most stringent bonus policy in the EU for financial institutions) and scaling up abroad. Elements from the action plan include:

 
  • collaboration with Fintech leaders such as Israel and Singapore
  • an innovation hub and central bank innovation forum
  • improvement of residence arrangements for key personnel
  • stimulating investments in Fintech, such as with the BMKB scheme
  • making stock options fiscally more attractive as a way of renumeration
  • 10M euros made available through MKB!dee
  • less burden on SMEs with legislation and regulations and supervisory costs
  • focus on number portability / alias portability at EU level

Read the action plan here. (in Dutch)

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