DFSA To Participate In Cross Border Testing As Part Of GFIN #Dubai - Dubai City Guide
Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Download our Media Kit

Restaurants

Education


 





Home / News /
   

DFSA To Participate In Cross Border Testing As Part Of GFIN
(9 May 2019)

 

To ensure efficiency in the working of FinTech firms engaging with regulators across multiple jurisdictions, the Dubai Financial Services Authority, DFSA, will participate in the first cross-border tests organised by the Global Financial Innovation Network, GFIN.

The GFIN comprises a group of 33 international financial regulators and related organisations, including the DFSA.

GFIN members received 44 applications for the pilot, a significant number of which were from Regulatory Technology, RegTech, companies. Eight of the 44 have passed the initial screening. The DFSA received six of the 44 applications, with two RegTech firms, Ascent RegTech and Starling Trust, being considered for the cross-border pilot.

While the DFSA will engage further with each firm, and with each relevant financial services regulator, there is no guarantee that any firm will undertake an actual test. An announcement of the firms formally selected for the pilot will be made late in the second quarter of 2019.

At the end of April, as part of its ongoing initiatives to support financial technology innovation, the DFSA also invited local and international firms to apply for its 2019 Summer Cohort. Successful Cohort applicants can then apply to enter the DFSA regulatory sandbox, known as the Innovation Testing Licence Programme, ITL Programme.

We accept Guest Posts


DubaiCityGuide.com is owned and managed by Cyber Gear



  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     
 
email print
1632
 

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities

       
       
   
       

Daily Guide

 



Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
sitemap
Sitemap
DCG at a glance