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 |