Paper

Early Lessons on Regulatory Innovations to Enable Inclusive FinTech: Innovation Offices, Regulatory Sandboxes, and RegTech

Interviews with over 40 regulatory authorities and other subject matter experts in 20 economies

Over the past three years, regulators in advanced, emerging, and developing economies have developed a number of promising initiatives to regulate and adapt regulatory frameworks for fintech. These include innovation offices, regulatory sandboxes, and regulatory technology (RegTech) for regulators. Sharing their different national experiences is central to accelerating empirical evidence and creating good practices.

This report examines the potential impact of regulatory innovation on inclusive fintech and distils early lessons learned. It also proposes implementation considerations for authorities seeking to enable inclusive fintech through innovative regulatory initiatives of their own. The report builds on previous work in the field, including the G20 High-Level Principles (G20 HLP) for Digital Financial Inclusion (G20, 2016).