Our 2021 FinTech and Innovation Report
Download a full copy of our 2021 FinTech and Innovation Report.
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Our Innovation Hub was established to ensure open and active engagement with businesses innovating within financial services. We do this by providing a direct and dedicated point of contact for all businesses, regardless of whether they are start-ups or incumbents.
Through the Innovation Hub, we are able to identify and respond to emerging risks and opportunities for the Island. It also helps us understand developing technologies that are of interest to financial services businesses. We have continued to receive an increase in enquiries year-on-year from all different types and sizes of business.
This report shows:
- What we committed to achieve in 2021
- An overview our activity including the rate and nature of enquiries
- How we provided support
- Analysis of trends during 2021
- How we will continue supporting businesses in 2022.
Review of 2021
2021 continued to present challenges for us all, but also opportunities as evidenced by the continuing growth in enquiries. We met the commitments in our 2020 Innovation Hub Report and remain dedicated to building a sustainable regime for innovative financial services activities in Jersey.
In 2021, we:
- Responded to 77 enquiries, spanning all financial services sectors
- Participated in 62 separate engagements and events focussed on innovation in financial services in Jersey
- Remained available to Digital Jersey and Jersey Finance members as they collaborated on their journeys toward digitalisation
- Continued to monitor the evolving landscape for insights and supported the application process for a number of businesses offering virtual asset services to their clients and investors
- Began developing our in-house knowledge and broader skill sets across our organisation. This including developing how we share and collaborate across all divisions to support innovative products and services
- Began exploring the barriers to adoption of Regulatory Technology (RegTech) in Jersey’s financial services markets in order to better stimulate and encourage the adoption of RegTech in Jersey
