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ARTICLE · 06 MARCH 2019

Emerging Fintech Innovation Trends Propelled By A Global Initiative

The Global Financial Innovation Network (GFIN), a network of 29 state financial sector regulators and supervisors committed to supporting financial innovation in the interests of consumers

CanadaTechnology

The Global Financial Innovation Network (GFIN), a network of 29 state financial sector regulators and supervisors committed to supporting financial innovation in the interests of consumers, including Quebec's Autorité des Marchés Financiers (AMF) and the Ontario Securities Commission, has announced the launch of a pilot phase of cross-border testing and knowledge sharing initiative for Fintech firms.

The Pilot Phase

The GFIN's cross-border testing and knowledge sharing initiative aim at creating an environment that allows Fintech firms to simultaneously trial and scale new technologies in multiple jurisdictions, gaining real-time insight into how a product or service might operate in the market. In order to support the development of this initiative, a pilot cohort of volunteer Fintech firms will be assembled. While the participating regulators will collaborate and share their experiences, the firms wishing to participate will need to independently meet the

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