Fintech and the IMF

 
Emerging technologies, from artificial intelligence to distributed ledgers, are transforming the financial services landscape, creating opportunities as well as challenges for consumers, service providers and regulators alike. These technologies could drive substantial efficiency gains in the financial sector, including in the areas of payments, financing, investments, asset management and insurance. However, they could also pose risks to the stability and integrity of the financial system, in particular where they operate outside of the purview of financial regulation and supervision. 
 
Recognizing these potential benefits and risks, the IMF has been closely monitoring developments in the field of finance and technology (“Fintech”). 
 
This page is dedicated to gathering the various strands of work by IMF staff research on the implications of emerging technologies for financial stability, regulation, and monetary policy. In line with its mandate, the IMF will continue to foster international cooperation among different stakeholders on effective responses to developments in Fintech.

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Blogs

IMFBlog is a forum for the views of the International Monetary Fund (IMF) staff and officials on pressing economic and policy issues of the day. 
 
Recent Fintech Blogs:
 

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Staff Discussion Notes

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues.

Recent Fintech Staff Discussion Notes (SDNs):

Virtual Currencies and Beyond: Initial Considerations, January, 2016
 

Fintech and Financial Services: Initial ConsiderationsJune, 2017
  

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Events

Fintech: Challenges to Regulation and Central Banking

How much of Fintech is hype and how much is reality, and how should policy and regulation respond to this fast-changing industry? This seminar will consider how the financial services landscape may be transformed by the widespread adoption of financial technology and how central banks and regulators can mitigate potential risks to financial stability and integrity without stifling innovation.

 
Central Banking and Fintech: A Brave New World?
The IMF's Managing Director, Christine Lagarde, discussed Fintech and central banking at the Bank of England Conference. Watch the video below, or read the speech.


A Conversation on Fintech

The IMF's David Pedroza and Tommaso Mancini Griffoli discuss financial technologies in a Facebook Live event. 
 

IMF Seminar: Fintech and the Transformation of Financial Services

Emerging technologies in the financial sector (“FinTech”) are driving transformational change in the provision of financial services in such areas as payments, financing, investments, financial information and advice, and asset management. These developments bring both opportunities and risks. The session will take the form of a roundtable discussion among experts on FinTech issues from the public and private sectors and academia, who will be asked to respond to a series of specific questions on how new technologies can disrupt the nature and provision of financial services and the implications that these changes may have for financial stability and regulation. Learn more.


IMF Seminar: Driving Digital Financial Inclusion in Africa

 This session analyzes the promises and challenges of advancing digital financial inclusion in sub-Saharan Africa. Our speaker will focus on his entrepreneurial experiences in the financial services industry, and subsequent discussion will explore how both the public and private sectors can leverage technological innovation in this field—in Africa and beyond. Learn more.