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FinTech regulatory queries rise

FinTech regulatory queries rise

Wednesday 10 February 2021

FinTech regulatory queries rise

Enquires about FinTech to the island’s financial regulator rose by a quarter last year.

In total, the Jersey Financial Services Commission helped 74 businesses in this respect.

The majority related to RegTech (29%), whereas in previous years the focus was on virtual asset activities.

In 2021, the JFSC will be working with the Government on developing policy relating to virtual assets and value transfer services.

“Our Innovation Hub is there to help existing and emerging business models and technology businesses to navigate Jersey’s regulatory regime. We remain committed to open and active engagement with all businesses and stakeholders who are considering operating an innovative business in Jersey,” JFSC Director General Martin Moloney said.

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