Page 6 of 11  Authorities should therefore not merely acknowledge or observe innovation but should actively review fintech innovations (including those with new business models) with a view to ensuring proportionate and consistent authorising and licensing regimes. This practice is driven by an underpinning open philosophy and a flexible approach to fintech.
Speakers and participants who have had experience of this approach in other jurisdictions will tell us more about the impact of this practice. We will hear how initiatives in cryptocurrencies, digital identity and digital mobile wallets may benefit from a pro-innovation philosophy. We will also hear from jurisdictions with Smart Nation policies about the importance of such national philosophies and policies.