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Publications

Early Lessons on Regulatory Innovations to Enable Inclusive FinTech

Early Lessons on Regulatory Innovations to Enable Inclusive FinTech

Technology-enabled innovation in financial services (FinTech) can extend the benefits of financial inclusion to millions of unbanked and underbanked people around the world. However, the rise of FinTech presents many regulatory challenges - for emerging and developing economies in particular. Consequently a number of regulators in advanced, emerging, and developing economies have responded to such challenges by innovating on their own. These innovative regulatory initiatives include innovation offices, regulatory sandboxes, and RegTech for regulators.

Against this backdrop, the Early Lessons on Regulatory Innovations to Enable Inclusive FinTech Report aims to provide readers with key insights on how regulators are innovating to better respond to financial innovation. This empirical study provides independent and comprehensive insights on the inter-relationships between financial and regulatory innovation and financial inclusion, together with lessons learned from early examples of regulatory innovation. The report also provides practical considerations for those regulators seeking to develop their own initiatives.