Guernsey Establishes Fintech And Digital Oversight Group

Leading business figures have teamed up with the Guernsey Government to establish the Fintech and Digital Oversight Group (FDOG).

Establishing the group was a key recommendation of PwC's strategic report, commissioned by the Island's Commerce and Employment Department, into the future of fintech in Guernsey and the opportunities that may exist.

Guernsey Government's Chief Information Officer Colin Vaudin said provided a forum to further identify, develop and promote Guernsey as a leading jurisdiction for fintech and digital businesses.

"We have seen significant growth in these sectors, which reinforces Guernsey's position as a well-regulated jurisdiction with robust data protection legislation that meet, and in some cases exceed, the EU Data Adequacy requirement," he said.