Video conference with BaFin and the NBG about fintech


The National Bank of Georgia (NBG) is currently very interested in the topic of fintech. In order to give the responsible employees the opportunity to discuss regulatory experiences in Germany on the topics of open banking and regulatory sandbox, the German Economic Team has therefore organized a video conference with BaFin (Germany’s Federal Financial Supervisory Authority). On the side of BaFin, two experts in the fields of financial technology innovation topics and regulatory requirements for IT security in payment transactions (especially PSD2) took part.

On the NBG side, 11 employees participated, including the responsible head of department Otar Gorgodze, one deputy head of department and three heads of divisions. During the event, the NBG had ample opportunity to ask questions and a lively discussion ensued. Otar Gorgodze thanked the participants for the opportunity to exchange experiences and expressed his satisfaction with the course of the event.”