Regulation in the digital financial services ecosystem
In this issue
Digital financial services has emerged as a sector worldwide that offers a viable solution to one of the financial industry’s greatest challenges -financial inclusion. Digital Financial Services – Regulation in the Digital Financial Services Ecosystem discusses the various regulatory categories related to financial inclusion including regulatory agents, consumer protection, market access, payment systems, risk management, and more. It also addresses key issues in managing the regulatory environment including how regulatory authorities can work better together and cross-border collaborations. Key considerations include Anti-Money Laundering (AML) and Know Your Customer (KYC) rules, how to combat financial terrorism, mobile network operators (MNOs), and memorandums of understanding (MOU). Authorities looking for an MOU template will find one here. The report is based on surveys of financial services regulators in various countries.
