Malta’s strong blend of financial and tech expertise has established it as a prime hub for a rapidly growing fintech sector, driven by local innovation that addresses industry-specific needs.
For example, iGaming companies, despite being viewed as high-risk by traditional banks, now benefit from a growing range of digital payment service providers that cater specifically to their needs while adapting to evolving regulations. Similarly, Malta’s role as a back-office service centre has fuelled investment in regtech and automated payroll solutions.
Malta’s economy has positioned it at the forefront of digital finance, with software solutions emerging to streamline business processes across sectors. The Maltese Government has been proactive in supporting these advancements, becoming the first to implement a dedicated framework for Distributed Ledger Technology (DLT, or blockchain) and launching a national AI strategy in 2023. This strategy outlines initiatives to accelerate AI adoption across both the public and private sectors.
The MFSA’s regulatory sandbox provides a controlled environment for testing innovative business models and services, further enhancing Malta’s appeal to tech investors.
The success of the fintech sector is supported by Malta’s highly skilled workforce, bolstered by significant national investment in training. Educational institutions now offer specialisations in fields like machine learning, big data and text processing, alongside strong programmes in finance, law and accounting. This blend of expertise positions Malta’s human capital to drive the next phase of fintech development.
Additionally, Malta’s state-of-the-art digital infrastructure is a key asset, with the country recognised among the best-connected in the world. Telecom providers continue to invest in future-proofing the islands’ digital connectivity, ensuring that Malta’s infrastructure can meet the demands of growing tech-driven businesses.
