High income countries report greater numbers of licensed fintech firms

Some jurisdictions host many licensed fintech firms but others have none

The wealthier the country, the more fintech institutions they are likely to have licensed, data from Fintech & IT Benchmarks 2021 shows.

The average country has 63 fintech institutions authorised, but in high income jurisdictions the average was almost double this, at 123. One large national European central bank alone reported 600 fintech institutions had received licences as of February 2021.

In contrast, in some other countries authorities have yet to grant new entrants any access to their

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