The Jersey Financial Services Commission (JFSC) has signalled its intention to support financial innovation by joining the Global Financial Innovation Network (GFIN).

Formally launched on 31 December and with a primary focus on protecting consumers’ interests, the GFIN is an international group of 29 financial regulators and related organisations that are open to interacting with innovative businesses.

Spearheaded by the UK regulator, the Financial Conduct Authority, the network aims to give regulators a forum to collaborate and share their experiences and approaches to dealing with emerging technologies. It also offe...