Can a National Financial Supervisor Support the Development of the Fintech Sector? Innovation Hubs as a Tool for Supporting Innovation: The Examples of Poland, Estonia, and Italy

Abstract

This article aims to examine one of the primary tools utilized by national financial supervisors to support innovative projects in the fintech sector. The analysis focuses primarily on the Innovation Hub established by the Polish Financial Supervision Authority (KNF), with additional insights provided from similar initiatives in two other European countries, Estonia (Finantsinspektsioon) and Italy (Bank of Italy). The article is further enriched by examples from other European Economic Area supervisors. The study seeks to address the question of whether national financial supervisors can effectively support innovative projects through instruments such as innovation hubs.