Global Fintech Regulations for a Resilient Global Financial Ecosystem

Abstract

Financial technology is no longer a new paradigm. However, the growth in the Fintech space steadily continues to become a transformative force in the financial world. Therefore, the imperative to regulate its dynamic landscape is crucial. For this reason, Regulators and legislators have taken specific and novel actions to address the possible risks caused by FinTech This chapter covers regulatory objectives, examining the fundamental fintech regulatory pillars while looking at how to strike a balance between financial stability and innovation within a transitional environment. It offers a variety of perspectives, highlighting the critical functions of open banking, digital identification, and regulatory sandboxes. This chapter highlights the value of international collaboration and provides policymakers, business professionals, and academics with a regulatory basis by studying the experiences of different countries. This investigation advances the discussion on striking the best possible balance between innovation and fintech regulation, fostering a robust financial system.