Empowering FinTech and RegTech Innovation in Jersey
At the forefront of digital finance, Digital Jersey accelerates your success with unparalleled support, connectivity, and access to a global network of industry leaders.
At the forefront of digital finance, Digital Jersey accelerates your success with unparalleled support, connectivity, and access to a global network of industry leaders.
Operating its own judicial system, which is based on common law principles, Jersey’s large degree of autonomy from the UK and EU means that the Island is able to implement and manage its own regulatory regimes. The two key regulatory frameworks for fintech business in Jersey are those overseen by the Jersey Financial Services Commission (JFSC) and Jersey Office of the Information Commissioner. Legislation and regulation are developed by Government of Jersey alongside the relevant regulatory bodies, in close consultation with industry.
Jersey’s principles-based approach to financial services regulation remains well balanced, practical and flexible enough to rapidly adapt to innovative products and services. The Island’s focus on, and investment in financial services as a core industry enables businesses to meaningfully engage with regulators at every stage, providing an avenue to discuss initiatives early and iterate proposals on a case-by-case basis.
The JFSC is a member of the Global Financial Innovation Network (GFIN), a network of international regulators and related organisations committed to supporting financial innovation.
Jersey also has equivalent principles to the European General Data Protection Regulations (GDPR). This means individuals’ privacy rights are strengthened; information will be safer; and, crucially, firms using Jersey as their innovation or technology hub can do so with the certainty of familiar data protection legislation.
Our working groups unite industry leaders, startups, and regulators in a collective pursuit of excellence and innovation. Through these forums, members share knowledge, drive industry standards, and explore emerging technologies, fostering a rich environment for growth and advancement.
“Being a member of Digital Jersey offers Komainu access to excellent facilities that enable a varied set of fintech operators and innovators to collaborate effectively. The team at Digital Jersey, with special recognition to Edmund Hatton, has played a crucial role in raising Komainu’s profile in Jersey. It has been an absolute pleasure working with the Digital Jersey team this year, and we are excited about organising an event at the academy in the near future.”
“We’ve really been able to make use of our membership at DJ through the use of the meeting rooms, event hosting and access to the great team here with all the knowledge and advice they’re able to give. The ability to sit down and meet with other members has been fantastic for us as a business as we strive to collaborate and innovate in in the fintech space.”
“We’ve always had a look at Jersey because Jersey was the first ever jurisdiction to launch a Bitcoin fund, always being one step ahead and that’s really why we wanted to come here because the British pound is here, the legal system’s excellent, and we also wanted to capitalise on the the underlying belief of the technology here. Because Digital Jersey have signed a memorandum of understanding with Mastercard, that’s with Mastercard Europe, it’s not with Mastercard UK. So the work that’s being done by Digital Jersey getting that memorandum of understanding is a key point of our next stage of our development.”
