Global Dialogue on Regulatory Approaches for Inclusive Fintech

The Global FinTech Dialogue in Prague enabled a truly global conversation on regulatory approaches to FinTech, demonstrating the need for continued knowledge exchange among developed and developing country economies.

Among the multiple topics discussed at the forum, participants identified cybersecurity, digital financial literacy and enabling FinTech ecosystems as topics of priority and mutual convergence.

Members and participants agreed to take the dialogue forward towards more substantial engagements. The following are the key objectives for the engagement:

• Increase global interconnectedness of technology and financial systems to entail a well-coordinated global approach to regulatory interventions.
• Identify issues of global convergence and work towards solutions in a collaborative way.

As a response is to call for an enhanced global dialogue among financial regulators the Czech National Bank (CNB) and AFI  co-hosted this  FinTech peer exchange programme for regulators in Prague on 26–27 September 2019. The Prague dialogue brought together 10 regulators from AFI member countries and 10 from developed market economies, with a total participation of more than 50 representatives contributing on specific thematic areas.

The Global FinTech Dialogue and its accompanying report was partly funded with UK aid from the UK government and supported by other AFI funding partners.