Most, if not all, international standard setters have underscored that fintech have resulted in new business models, applications, processes, or products. These changes have, in turn, had an effect on financial markets and institutions which may have a potential impact on the monetary and financial stability.
It is therefore crucial for the Mauritius International Financial Centre that its enabling framework for fintech be in line with the latest discussions taking place at the level of these organisations to ensure that, in setting up the fintech regulatory framework, the Mauritius International Financial Centre provides the proper biosphere for the fintech ecosystem while affording appropriate safeguards to investors.