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Global Financial Innovation Network

The Consumer Financial Protection Bureau is part of the Global Financial Innovation Network (GFIN), an international network of more than 50 regulatory agencies worldwide working together to support financial innovation in the best interests of consumers. Formally launched in January 2019, GFIN seeks to provide a more efficient way for firms to interact with regulators as they seek to develop, execute, and distribute new innovations.

GFIN also creates a new framework for cooperation between financial services regulators on innovation-related topics as they share different experiences and approaches. The three main functions of GFIN are to:

  • Act as a network of regulators to collaborate and share experiences of innovation in respective markets, including emerging technologies and business models
  • Provide a forum for joint policy work and discussions
  • Give firms an environment that allows for trials of cross-border solutions

As part of the GFIN, the Bureau, through its Office of Innovation, coordinates with international regulators to facilitate innovation and promote regulatory best practices in consumer financial services.

The Bureau participates in GFIN’s cross-border testing workstream, which helps firms simultaneously trial and scale new technologies in multiple jurisdictions. GFIN receives cross-border testing applications on a cohort basis. Please contact us for information on the next application window. The Bureau also participates in GFIN’s workstream on regulatory and supervisory technology, which helps the Bureau stay up to date on these technologies.

For more information about GFIN’s membership, activities, and publications, visit the official GFIN website .

Full list of GFIN Membership

Coordination Group

Organization Jurisdiction

Australian Securities & Investments Commission (ASIC)

Australia

Central Bank of Bahrain (CBB)

Bahrain

Autorité des marchés financiers (AMF)

Québec, Canada

Guernsey Financial Services Commission (GFSC)

Guernsey

Hong Kong Monetary Authority (HKMA)

Hong Kong

Hong Kong Securities and Futures Commission (HKSFC)

Hong Kong

Astana Financial Services Authority (AFSA)

Kazakhstan

Monetary Authority of Singapore (MAS)

Singapore

Dubai Financial Services Authority (DFSA)

UAE

Financial Conduct Authority (FCA)

United Kingdom

Consumer Financial Protection Bureau (CFPB)

United States

Members

Organization Jurisdiction

Australian Prudential Regulation Authority (APRA)

Australia

Securities Commission of the Bahamas (SCB)

Bahamas

Bermuda Monetary Authority (BMA)

Bermuda

Securities and Exchange Commission of Brazil (CVM)

Brazil

Alberta Securities Commission (ASC)

Alberta, Canada

British Columbia Securities Commission (BCSC)

British Columbia, Canada

Financial Services Regulatory Authority of Ontario (FSRA Ontario)

Ontario, Canada

Ontario Securities Commission (OSC)

Ontario, Canada

Financial Superintendence of Colombia (SFC Colombia)

Colombia

Centrale Bank van Curaçao and Sint Maarten

Curaçao and Sint Maarten

Central Bank of Eswatini

Eswatini (Swaziland)

National Bank of Georgia (NBG)

Georgia

Gibraltar Financial Services Commission

Gibraltar

Hong Kong Insurance Authority (IA)

Hong Kong

Magyar Nemzeti Bank (Central Bank of Hungary)

Hungary

Isle of Man Financial Services Authority (IOMFSA)

Isle of Man

Capital Market, Insurance, and Savings Authority (CMISA)

Israel

Israel Securities Authority (ISA)

Israel

Jersey Financial Services Commission (JFSC)

Jersey

Central Bank of Kenya (CBK)

Kenya

Capital Markets Authority (CMA, Kenya)

Kenya

Bank of Lithuania (BL)

Lithuania

Commission de Surveillance du Secteur Financier (CSSF)

Luxembourg

Malta Financial Service Authority (MFSA)

Malta

Financial Services Commission Mauritius (FSC)

Mauritius

Comision Nacional Bancaria y de Valores (National Banking and Securities Commission) (CNBV)

Mexico

Securities and Exchange Commission (SEC Nigeria)

Nigeria

Bangko Sentral ng Pilipinas (BSP)

Philippines

Seychelles Financial Services Authority

Seychelles

South African Reserve Bank (SARB)

South Africa

Financial Supervisory Commission Taiwan

Taiwan

Abu Dhabi Global Market (ADGM)

UAE

Securities and Commodities Authority, UAE (ESCA)

UAE

Central Bank of the UAE

UAE

Commodity Futures Trading Commission (CFTC)

United States

Federal Reserve Board (FRB)

United States

Federal Deposit Insurance Corporation (FDIC)

United States

Financial Industry Regulatory Authority (FINRA)

United States

Office of the Comptroller of the Currency (OCC)

United States

Securities and Exchange Commission (SEC)

United States

Office of the Arizona Attorney General

State of Arizona, United States

New York State Department of Financial Services (NY DFS)

New York, United States

West Virginia Division of Financial Institutions

West Virginia, United States

Wyoming Division of Banking

Wyoming, United States

Observers

Organization Country

Financial Sector Deepening Africa (FSD Africa)

Africa

Qianhai Financial Authority

China

European Bank for Reconstruction and Development (EBRD)

Europe

Consultative Group to Assist the Poor (CGAP)

Global

International Monetary Fund (IMF)

Global

World Bank Group

Global

Qatar Development Bank

Qatar