A recent survey of 128 financial regulators and supervisors worldwide found that just over half of respondents in low- and middle-income countries have been increasing their focus on financial technology (fintech) firms. The figure is about one out of three in high-income countries, but three out of four in Africa.
As for the primary risks regarding digital finance, the respondents cited fraud and consumer protection, with 78 percent naming cybersecurity as their top concern.
The study was co-authored by staff of the Cambridge Centre for Alternative Finance (CCAF) at the UK-based Cambridge University and the World Bank.
Sources and Additional Resources
The 3rd Global Fintech Regulator Survey
https://www.jbs.cam.ac.uk/faculty-research/centres/alternative-finance/publications/3rd-global-fintech-regulator-survey/
CCAF homepage
https://www.jbs.cam.ac.uk/faculty-research/centres/alternative-finance/
University of Cambridge Judge Business School homepage
https://www.jbs.cam.ac.uk
World Bank homepage
https://worldbank.org
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