Malta is undergoing a quiet transformation in its finance sector, driven by initiatives like H6, which is likely linked to the country’s broader efforts to modernize its financial services. The Malta Financial Services Authority (MFSA) has been actively promoting digital transformation and FinTech adoption, with over 50% of financial services entities surveyed having taken steps towards digitization. The MFSA’s FinTech Strategy focuses on regulation, innovation, architecture, knowledge, international links, and security, aiming to create a supportive environment for technology-enabled financial innovation.
The country’s financial sector is evolving, with a growing emphasis on e-money licensing, blockchain, smart contracts, and decentralized finance (DeFi). Malta’s e-money licensing scheme is designed to support fintech growth, while the government encourages business re-engineering and transformation through initiatives like the Business Re-Engineering and Transformation Scheme. These efforts aim to position Malta as a hub for financial innovation and digital finance.
