IFWG

We exist to promote responsible innovation

Through the Intergovernmental Fintech Working Group (IFWG), we work together as South African financial sector regulators to demystify the regulatory landscape, provide a space for safe experimentation and actively advance innovation.

The Innovation Hub is a collaborative effort of the IFWG, which includes participation from National Treasury, the Financial Intelligence Centre, the Financial Sector Conduct Authority, the National Credit Regulator, the South African Reserve Bank and the South African Revenue Service.

The IFWG was established in 2016 to understand the growing role of fintechs and innovation in the South African financial sector and explore how regulators can more proactively assess emerging risks and opportunities in the market.

We strive to be…

collaborative.

Public sector. Private sector. Local. International. We embrace all opportunities to learn and develop together.

agile.

We have created an environment where we can act quickly and safely.

responsible.

As regulators, we will never compromise the safety and soundness of our financial system and the protection of South African consumers.