What It Is
GFIN seeks to provide a more efficient way for innovative firms to interact with regulators, helping them navigate between countries as they look to scale new ideas. This includes a pilot for firms wishing to test innovative products, services or business models across more than one jurisdiction.
Members
For more info, refer to the full list of GFIN members here .
Cross-border Testing
The GFIN is inviting applications from firms to test innovative financial products, services, business models or regulatory technology across more than one country or jurisdiction. Twenty-three regulators across five continents are participating in this initiative, which builds on lessons learned following the GFIN's 2019 cross-border testing pilot.
Cross-border testing 1.0 [Applications for Cross-Border Testing 1.0 are now closed]
To facilitate the application process, the GFIN has developed several tools and solutions to improve the cross-border testing framework for a new cohort of firms, including:
- a single-entry application form for firms;
- a cross-border testing FAQs to help firms understand the process;
- an evolved 'Regulatory Compendium ' clarifying the remit and interests of participating regulators and the types of innovation services available; and
- an extension of the application window to 9 weeks to allow firms more time to consider and prepare their applications.
For updates on future application windows, please visit the GFIN website here .