With the emergence of technology-enabled financial services (Fintech) and the profound changes to the production and delivery of financial services it has enabled, Commonwealth Central Bank Governors expressed a desire for improved technical guidance on Fintech implementation.
The Commonwealth Fintech Toolkit a response to that call. The Toolkit aims to build the capabilities of senior leaders and their teams, helping them to understand the building blocks of fintech, identify which policy interventions may make sense in a given context, and how to implement that decision.
Part I – Technical topics
Part I of the Commonwealth Fintech Toolkit introduces six disruptive technologies that are transforming financial services and impacting on the lives of Commonwealth citizens. While the list of topics is not exhaustive, it comprises six of the most relevant, widespread, impactful, and prominent technologies.
Disruptive technologies
Digital Financial Services
Artificial Intelligence
Blockchain
Digital Identity
Big Data Analytics
Cybersecurity
Part II – Application and action
Part II of the Toolkit explores how countries can use the technologies reviewed in Part I to achieve their development goals and highlights how issues of size and region should be considered. It also provides an action framework for governments seeking to create an enabling environment for fintech and explores fintech initiatives in case studies from four countries around the Commonwealth.
Policy Interventions
Considerations
Action Framework
Case Studies
Commonwealth Fintech Toolkit – Full version 
Commonwealth Fintech Training Programme
To help bolster capacity development for fintech professionals in Commonwealth governments, the Commonwealth Secretariat has partnered with the Universities of Oxford and Cambridge to fund the participation of member states on fintech courses.
These courses allow participants to understand fintech issues from the perspective of both the regulator and the innovator.
As of August 2020, over 100 people from 42 Commonwealth member countries have participated in the programme. These participants together form the Commonwealth Fintech Network.