This guide is published as a follow-on activity to the webinar organized in September 2020.
The rapid development in financial technology – FinTech – in recent years has transformed both the economic and financial landscapes. FinTech is offering a wide range of opportunities with attached risks to consumers, financial and nonfinancial firms, service providers and regulators at different pace and levels.
Regulators around the globe are eager to promote for FinTech benefits, while avoiding the potential risks. Different regulatory regimes have been adopted by regulators to govern the sector, one of which is the Regulatory Sandbox.
This Guide is intended for regulators overseeing the FinTech Sector and aims at addressing the following main topics: 1. Historical evolution of the FinTech and Alternative Finance. 2. General practices and regulatory regimes to govern the sector. 3. Main elements for conceptualization, implementation and post implementation of a Regulatory Sandbox according to international good practices. 4. Main benefits and considerations of Regulatory Sandboxes. 5. Tools and examples. 6. MED MSMEs Programme Support.