National Bank of Moldova officials used a fintech conference to outline how financial innovation can strengthen two core functions of financial markets, maturity transformation and risk transformation, and to frame these as key to improving access to capital in Moldova, particularly for small and medium-sized enterprises. The Bank’s Fintech Directorate also presented the opportunities MIA offers entrepreneurs, focusing on speed and cost-efficient service delivery. Mihnea Constantinescu illustrated the potential impact with an example of a viable farmer unable to obtain traditional financing due to a lack of credit history, where an alternative creditworthiness assessment could draw on production data, export contracts, utility payment records and mobile phone metadata to build a risk profile and unlock funding for technology upgrades. He added that appropriate regulation for these innovations remains an essential topic and will continue to be addressed through dialogue with the private sector and international partners.
National Bank of Moldova 2025-03-06
National Bank of Moldova sets out how fintech and alternative credit data could widen SME financing and highlights MIA benefits for entrepreneurs
At a fintech conference, National Bank of Moldova officials highlighted how financial innovation can enhance maturity and risk transformation, improving capital access for small and medium-sized enterprises. The Bank's Fintech Directorate emphasized MIA's benefits for entrepreneurs, focusing on efficient service delivery. Mihnea Constantinescu underscored the need for appropriate regulation, citing alternative credit assessments to unlock funding for those lacking traditional credit histories.