The team of the Financial Supervision Commission took part in a training conducted by the University of Economics – Varna

On 15 and 16 April 2021, the next module of the FIN-TECH project of the University of Economics – Varna was launched, funded by the Horizon 2020 program of the European Commission. The online session was attended by experts from the Financial Supervision Commission, the University of Economics – Varna, the Bulgarian Fintech Association and representatives of fintech companies in Bulgaria.

Within the two days of the training, the Bulgarian fintech ecosystem was discussed, as well as real cases of using blockchain in fintech, cyber risk management through models based on rank scale and explicable artificial intelligence, smart contracts – management, opportunities and risks , the cryptocurrency market and methods for its analysis by applying various cluster techniques based on prototypes, etc.

The event is held within the project FIN-TECH “A FINancial supervision and TECHnology compliance training program”, funded by HORIZON 2020, in which the University of Economics – Varna and the Financial Supervision Commission represent Bulgaria in a consortium of 24 countries. Each of them is presented by an educational institution in the field of higher education and a regulatory body for the non-banking sector.

Since the start of the project, in early 2019, the experts of the FSC and the University of Economics – Varna participated in two more sessions for knowledge exchange in the fields of big data and artificial intelligence. The University of Economics – Varna and the FSC jointly organized and held an International Round Table “Peer to peer lending in Europe and the Balkan Peninsula”.

The Financial Supervision Commission is actively continuing to study the implementation of financial innovations in the non-banking financial sector.