To foster the development of Québec fintech firms, we participated in the creation of an international network of regulators committed to working together to support financial innovation in their respective markets.

The Global Financial Innovation Network

The Global Financial Innovation Network (GFIN) is an international network of financial regulators committed to working together to support financial innovation of benefit to consumers in the regulators’ respective jurisdictions.

One of the GFIN’s objectives is to give fintech firms the opportunity to simultaneously trial and scale their innovative products, services or business models in multiple jurisdictions.

On June 27, 2019, the GFIN has published its “One Year On” report (pdf - 5 MB)This link will open in a new windowUpdated on 26 June 2019The Global Financial Innovation Network reflects on its first year, which sets out what the GFiN has been doing over the past year, the challenges it has faced, achievements, and its ambitions for the future. It is also to show that it is listening to stakeholders and welcomes feedback in order to ensure that the GFiN continues to add value.

GFIN members

Members participating in cross-border trials and main contact person

Coordination group

  • Astana Financial Services Authority (AFSA) - Kazakhstan
  • Australian Securities & Investments Commission (ASIC) - Australia
  • Autorité des marchés financiers (AMF) - Québec, Canada
  • Central Bank of Bahrain (CBB) - Bahreïn
  • Consumer Financial Protection Bureau CFPB) - United States
  • Dubai Financial Services Authority (DFSA) - É.A.U.
  • Financial Conduct Authority (FCA) - United Kingdom
  • Guernsey Financial Services Commission (GFSC) - Guernesey
  • Hong Kong Monetary Authority (HKMA) - Hong Kong
  • Hong Kong Securities and Futures Commission (HKSFC) - Hong Kong
  • Monetary Authority of Singapore (MAS) - Singapour

Members

  • Abu Dhabi Global Market (ADGM) - UAE
  • Alberta Securities Commission (ASC) - Alberta, Canada
  • Bank of Lithuania - Lithuania
  • Bermuda Monetary Authority (BMA) - Bermuda
  • British Columbia Securities Commission (BCSC) - British Columbia, Canada
  • Capital Markets Authority (CMA, Kenya) - Kenya
  • Capital Market, Insurance, and Savings Authority (CMISA) – Israel
  • Central Bank of Eswatini - Eswatini (Swaziland)
  • Centrale Bank van Curaçao and Sint Maarten - Curaçao and Sint Maarten
  • Commission des valeurs mobilières de l’Ontario (CVMO) - Ontario, Canada
  • Financial Supervisory Commission Taiwan - Taiwan
  • Isle of Man Financial Services Authority - Isle of Man
  • Israel Securities Authority (ISA) - Israel
  • Jersey Financial Services Commission (JFSC) - Jersey
  • Magyar Nemzeti Bank (Central Bank of Hungary) - Hungaria
  • Securities and Exchange Commission of Brazil (CVM) - Brazil
  • South African Reserve Bank (SARB) - South Africa

Observers

  • Consultative Group to Assist the Poor (CGAP) - Global
  • European Bank for Reconstruction and Development (EBRD) – Europe
  • Financial Sector Deepening Africa (FSD Africa) - Africa
  • International Monetary Fund (IMF) - Global
  • Qatar Development Bank - Qatar
  • Qianhai Financial Authority - China
  • World Bank Group - Global