Covid-19 spurs fintech regulation innovation – study

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Covid-19 has led to a strong increase in the use of fintech products and services, prompting central banks and other financial authorities to step up their own regulatory innovation efforts, according to a report from the World Bank and the Cambridge Centre For Alternative Finance (CCAF).

The study, which gathered responses from 118 central banks and other financial regulatory authorities in 114 jurisdictions worldwide, shows strong fintech take-up since the outbreak of the pandemic.

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