Nigeria FinTech Landscape - Impact Assessment
Global FinTech Enablers - Global partnerships
The Global Financial Innovation network provides an avenue for innovative firms to interact with
regulators, helping them navigate various jurisdictions as they look to expand and test ideas
Context
Objectives
How it
works
The Global Financial Innovation Network (GFIN) was formally launched in January 2019 by an
international group of financial regulators and related organisations, including the FCA. It built on the
FCA's earlier proposal to create a global sandbox
To act as a network of regulators collaborate that can share experiences of innovation in various
markets, including emerging technologies and business models, and to provide accessible regulatory
contact information for firms.
To provide a forum for joint RegTech work and collaborative knowledge, sharing lessons learned
To provide firms with an environment in which they can test cross border solutions
A pilot for firms wishing to test innovative products, services or business models across more than one
jurisdiction
Creation of a new framework for co-operation between various financial services regulators on
innovation related topics, sharing different experiences and approaches.
SOURCE: GFIN, UK FCA
EFINA
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