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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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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Law and Financial Stability: The Rule of Law in a Digital World

 The Legal Department held its biennial high-level seminar on Law and Financial Stability at the IMF headquarters. The overarching theme of this seminar was FinTech and the impact of technology, from a legal perspective, on financial systems. The seminar considered various legal issues related to Fintech in different areas of the financial sector, such as central banking, financial regulation, financial market infrastructures, as well as anti-money laundering and combating the financing of terrorism (AML/CFT). It examined the impact of Fintech on the legal principles that govern the domains of public and private law. View the conference page.

FinTech Exchange: Beyond the Hype - a New Reality

Launched at the 2018 Spring Meetings of the IMF and World Bank Group, the FinTech Exchange, under the theme of “Beyond the Hype – A New Reality,” focused on real-life applications, challenges and opportunities of new financial technologies. These are explored in a series of interactive workshops on specific topics. View the sessions below. More information on the sessions is available here