(CIANEWS) - On May 5, 2022, the Ministry of Finance of the Czech Republic (MF) launched a project aimed at supporting the potential of FinTech applications and the use of data in financial services in the Czech Republic. It will include a study on the use of data in financial services and the potential for sandboxing in the Czech Republic to support Fintech innovation by improving data sharing and use. The project is funded by the EU through the Technical Assistance Instrument and implemented by the OECD in cooperation with the European Commission's Directorate-General for Structural Reform Support.