The UKNF has joined the Global Financial Innovation Network (GFIN). GFIN was formally launched in January 2019. It associates more than 60 organisations committed to supporting financial innovation and serves as cooperation platform to share experience among regulators.
The GFIN provides tools for firms to test innovative financial products, services or business models across more than one country or jurisdiction (cross-border testing). The area of work covers also Suptech and Regtech tools supporting performance of supervisory and compliance tasks.