Report on the Global Financial Inclusion Network's first year and ambitions for the future
The Global Financial Inclusion Network (GFiN) is a network of international regulators and related organizations committed to supporting financial innovation and to creating a framework for co-operation between regulators to share experiences and approaches to innovation. The GFiN has rapidly grown over the past year from its 12 founding members, to be a global dialogue with 35 Member Regulators and 7 Observers from 21 jurisdictions.
This report sets out what the GFiN has been doing over the past year, the challenges it has faced, achievements, and its ambitions for the future. It also aims to show that it is listening to stakeholders, and welcomes feedback in order to ensure that the GFiN continues to add value.
Key facts about the GFiN:
35 members and 7 observers from 21 jurisdictions.
99 responses from 26 jurisdictions received in response to the initial GFiN consultation.
44 applications from 17 jurisdictions for the inaugural GFiN cross-border test pilot with 8 firms being selected to develop testing plans.
Nearly 60 representatives attended the first biannual meeting of the GFiN held in London in May.