Policy and Ecosystem Development supports policymakers, regulators and supervisors as they face an increasingly complex and data-rich market for financial services. We help our clients throughout the policy cycle; from policy design and implementation through impact evaluation.
To enable smarter, proportional, risk-based regulation, we work with other clients to develop technology-enabled solutions for the collection, analysis and use of data by financial authorities. We do so to foster innovation and create competitive markets while ensuring that consumers are treated fairly. This area of work is informed by the customer and business value propositions, and the emerging fintech world through collaboration with other BFA areas of expertise.
Member training for Alliance for Financial Inclusion (AFI), in collaboration with Bank Negara Malaysia, in Kuala LumpurView Project
Partnering with leading financial authorities in the Philippines, Ghana and Mexico to prototype RegTech solutionsView Project
Policy and Ecosystem Development helps financial authorities make informed decisions and improve the efficiency and effectiveness of policy-making. By aiding policymakers, regulators, and supervisors to better understand the financial inclusion marketplace and the needs of providers and consumers, we help them to create a conducive business environment that fosters innovation while ensuring fair treatment of customers, and to provide all stakeholders with a clear vision of the future of inclusive financial systems.
In the Digital Frontiers Institute’s (DFI) second webinar for Financial Inclusion Week 2016, DFI’s David Porteous and Mackenzie Wallace, currently policy advisor for digital finance at USAID discussed the emergence of regtech and its ability to amplify the voice of the consumer, highlighting the work of the CFPB.
BFA conducted a study for UNCDF on Know-Your-Customer (KYC) Requirements for Digital Financial Services in Uganda.