In other countries, such as Singapore, the authorities may cooperate with fintech firms to develop specific services – possibly through partnerships – in what are commonly called “incubators”.
Lastly, in other countries – including Italy – the strategies are based on “innovation hubs”, where the authorities start interacting with the market players (banks, financial companies, innovative start-ups) on fintech-related issues at an early stage, indeed often at the planning stage, in order to provide them with the necessary support for the regulatory and compliance issues.