CFTE Launches Collaboration With Budapest Institute of Banking

A packed house at Level39 in London joined us earlier this week, with our event marking a milestone agreement between CFTE and the Budapest Institute of Banking (BIB). The agreement between the two parties is in response to the keen Hungarian market that is eager for Fintech solutions.

At the top of the programme was the all-important signing of the memorandum of understanding (MOU) with BIB. CFTE’s co-founders Huy Nguyen Trieu and Tram Anh Nguyen, along with CFTE senior advisor, Tamas Haiman, were on stage to sign the agreement, alongside Gergely Fabian, the executive director of MNB (Central Bank of Hungary).

We are tremendously excited for this collaboration as it gives us a foothold in Hungary and Eastern Europe, while also achieving our aim of democratising Fintech education to all. BIB are fantastic partners for this as they are passionate about improving the quality of adult education and efficient knowledge transfer in the sector of finance. Furthermore, this partnership is in line with BIB’s goal of meeting market needs while also fulfilling the social responsibility objectives of the Central Bank of Hungary.

We also had the pleasure of hosting Eva Hegedus (CEO – Granit Bank), Aniko Szombati (Executive Director for Digitalisation and Fintech – Central Bank of Hungary), Janos Pereczes (MKB fintechlab), Stevan Bajic (Founder & CEO – Manigo), Péter Jendrolovics (Head of Retail Banking – Granit Bank), as well as Fabian at the CFTE Campus.

Szombati opened with a keynote speech highlighting the Hungarian appetite for Fintech, and how the country offers many advantages to companies in the industry, such as a favourable tax system, lower costs and easy cooperation with various institutions.

Following this was the first panel session moderated by our Head of Entrepreneurship, Janos Barberis, with Bajic and Pereczes joining Szombati onstage to discuss the Fintech opportunities in Eastern Europe, and the differences of such opportunities in Western Europe.

Hegedus then took to the stage to present her experience of running a digital bank in Hungary. A key point for their success is the increased internet penetration, leading to new initiatives such as video banking, mobile payments and more, which ultimately led to them winning more than 30 awards in the past year!

The next panel session involved Jendrolovics and Fabian, who were joined by Rupert Barksfield (Founder and COO – Pynk), to talk about the differing landscape of digital banks in Eastern Europe, moderated by CFTE co-founder Huy Nguyen Trieu.

We would also like to extend a special thank you to our speakers and visiting panellists for their engaging views and sharing throughout the event. No doubt this helped to make this special occasion a very successful one indeed.

It was a tremendous pleasure to host our wonderful guests at this event, and hope that the partnership between CFTE and BIB will bear much fruit in the coming months and years, not just in Hungary but in more parts of Eastern Europe!

Click here to read the full press release.


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