01933cas a2200253 a 4500 AALejournalIMF016275 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513531496 1018-5941 BD-DhAAL BD-DhAAL Khiaonarong, Tanai. Fintech and Payments Regulation : Analytical Framework / Tanai Khiaonarong, Terry Goh. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Financial technology (Fintech) has prompted authorities to consider their potential financial stability benefits, risks, and effective regulation. Recent developments suggest that regulatory approaches and their legal foundations need to augment entity-based regulation with increasing focus on activities and risks as market structure changes. This paper draws on recent international experiences in modernizing legal and regulatory frameworks for payment services. An analytical framework based on a four-step process is proposed-(i) identifying payment activities; (ii) licensing entities and designating systems; (iii) analyzing and managing risks, and (iv) promoting legal certainty. As payment activities evolve and potential systemic risks heighten, adherence to international standards and additional regulatory requirements should be warranted. Mode of access: Internet Goh, Terry. IMF Working Papers; Working Paper ; No. 2020/075 Full text available on IMF http://elibrary.imf.org/view/journals/001/2020/075/001.2020.issue-075-en.xml IMF e-Library