CGAP 130d ago

1.3 billion adults remain financially excluded — and many more are underserved. Innovation is an opportunity to build a more equitable financial system, but only if regulators and policymakers lead with intention. CGAP's new research identifies 5 elements that enable vision-guided regulation for financial inclusion. THE 5 ELEMENTS: ✦ Vision — A clear sense of direction combined with the will to implement it. ✦ Tone at the top — Strong encouragement from senior leadership signals that innovation is a priority across the entire organization. ✦ Innovation culture — Values, attitudes, and behaviors that promote experimentation, agility, and the ability to learn from failure. ✦ Industry engagement — Active dialogue between regulators, policymakers, and the private sector builds mutual understanding and more effective policy. ✦ Mandate — Regulators must interpret and maximize their impact within their legal remit, using every tool available to advance inclusion. Together, these five elements form the foundation for vision-guided regulation — enabling innovation to serve people more effectively and close gaps rather than widen them. Now is the time for regulators and policymakers to dream big and push forward. 📄 Read the full CGAP working paper: https://www.cgap.org/research/publication/regulating-financial-innovation-what-does-it-take ▶ Subscribe to CGAP: https://www.youtube.com/@CGAP #FinancialInclusion #FintechRegulation #VisionGuidedRegulation #InclusiveFinance #FinancialExclusion #Innovation #DigitalFinance