In a paper published this week, the organizers of the World Economic Forum in Davos have reiterated a need to act in a coordinated fashion in light of advances in fintech. 

Many of the focus areas for regulators have been discussed previously, with the working group encouraging 1) a debate on ethical data usage, 2) public-private dialogue on transformation, 3) standards for monitoring innovation and 4) proactive standard setting in areas such as risk management and data-sharing.