Fintech Market Development and Policy Implications

Source details

Target Audience:
- Mid-level to senior officials from the central bank and other government agencies dealing with regulation of the financial sector.
- Preference is given to applicants working on issues directly related to financial development and inclusion, as well as supervision and regulation of new financial technologies.
Qualifications:
- Participants are expected to have an advanced degree in economics or finance or equivalent work experience.
- It is strongly recommended that applicants first complete the Financial Sector Policies (FSP) course.

Provider: The IMF Institute for Capacity Development (ICD).
Purpose:
- To give participants a foundation in understanding new financial technologies (Fintech) and the associated supervisory and regulatory issues.
Curriculum emphasis:
- Overview of the source and nature of Fintech and general regulatory principles.
- Focus on three Fintech areas that are rapidly developing:
- Fintech payments.
- Fintech funding.
- Cryptocurrencies and decentralized finance.
- Discussion of risks and concerns arising from Fintech developments in these areas.
- Exploration of possible regulatory responses.
Participant deliverable:
- Participants are expected to prepare final presentations on Fintech developments and regulations in their home countries.

Upon completion, participants should be able to:
- Define and understand fundamental Fintech concepts.
- Explain the economic rationale for various Fintech tools and their implications for the financial service industry.
- Identify key risks and regulatory concerns over financial stability, financial integrity, security, consumer protection, and other aspects.
- Recognize international regulatory responses to Fintech developments.