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European Neighbourhood Policy and Enlargement Negotiations
News article13 May 2022Directorate-General for Neighbourhood and Enlargement Negotiations

Digital finance: Commission marks launch of the Fintech Challenge for Ukraine

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The European Commission will hold on Monday a virtual conference to mark the launch of the Fintech Challenge for Ukraine. The Fintech Challenge for Ukraine is an international coding competition that will take place online in June 2022. Companies and individuals from all over the world are invited to develop technological solutions that will provide assistance to Ukrainians in their daily lives, enable the provision of everyday services to companies, and support the recovery of Ukraine. The Fintech Challenge for Ukraine will consist of idea workshops and a hackathon, i.e. a coding competition to develop technological solutions for a given problem. The winners will be announced in Brussels at the end of June. The Fintech Challenge for Ukraine is organised by the European Digital Finance Association (EDFA) in cooperation with the Ukrainian Association of Fintech and Innovative Companies (UAFIC). It is financed by the European Commission (DG FISMA). Commissioner McGuinness will open the launch event on Monday 16 May with a keynote speech. Eva Kaili, Vice President of the European Parliament, Maryna Lazebna, Minister of Social Policy of Ukraine, and Kyrylo Shevchenko, the Chairman of the National Bank of Ukraine, will also give speeches. This will be followed by an overview of the Fintech Challenge by the UAFIC and EDFA. More information is available on the conference webpage.