剑桥大学贾奇商学院：2025数字公共基础设施与数字金融服务领域洞察报告：融合、格局与监管（英文版）（69页）.pdf

1、Digital PublicInfrastructure and Digital FinancialServicesConvergence,Landscape and Regulatory ConsiderationsJuly 2025With the support ofSuggested CitationCCAF(2025)Digital Public Infrastructure and Digital Financial Services:Convergence,Landscape and Regulatory Considerations,Cambridge Centre for A

2、lternative Finance(CCAF),Cambridge Judge Business School,University of Cambridge Foreword 4 Research Team and Acknowledgements 5 Glossary 6 Executive Summary 8 Introduction 9 Chapter 1:Foundations of Digital Public Infrastructure 12 and Financial Market Systems Chapter 2:An Exploratory Taxonomy of D

3、igital Public 17 Infrastructure for Digital Financial ServicesChapter 3:Global Landscape and Case Studies of Digital 23 Public Infrastructure for Digital Financial ServicesChapter 4:Emerging Technologies and Regulatory 36 Challenges in Digital Public Infrastructure for Digital Financial Services Cha

4、pter 5:Digital Public Infrastructure Principles for 42 Financial Regulatory AuthoritiesChapter 6:Cross-Regulatory Governance of Digital 46 Public Infrastructure Conclusion 53 Appendix 56 Bibliography 58Contents4Digital Public Infrastructure and Digital Financial Services:Convergence,Landscape and Re

5、gulatory ConsiderationsAs governments and regulators increasingly invest in Digital Public Infrastructure(DPI),the global financial ecosystem is entering a new phase of transformation.DPI systems such as digital identity,real-time payments,and consent-based data sharing are reshaping how financial s

6、ervices are designed,delivered,and regulated.These frameworks have the potential to enhance operational efficiency,reduce costs,and improve the accessibility and scalability of financial services.As the ecosystem evolves,DPI can also play a critical role in improving access to digital financial serv