Many central European cities are vying to lure coders and entrepreneursWarsaw, Talinn and Prague are positioning as future fintech capitals
Warsaw, at the heart of the region’s most populous country, has a better chance than most. The Polish government has prioritised the fostering of fintech companies and Warsaw benefits from a banking sector that is not just the biggest in the region, but among the most innovative.
Mateusz Morawiecki, Poland’s deputy prime minister and finance minister, makes little secret of his ambitions for the country’s fintech sector. “We couldn’t take part in the industrial revolution because our country was not on the map at the time . . . We couldn’t take part in the IT revolution because we had a bad system and a lack of independence. But we can successfully take part in the digital revolution,” he told a Warsaw tech conference earlier this year, going on to describe Poland as a “fintech hub”. Poland is not alone in harbouring such ambitions. Many central European cities are vying to lure coders and entrepreneurs in the hope of establishing themselves as hubs for the financial services of tomorrow.