The AFA launches website

A more transparent website that is closer to the consumer of financial services and the industry. Content is expanded and user browsing is improved.

06/11/2018

The new AFA website expands content and offers a structure that is designed to facilitate user navigation, making it more accessible and practical.

One of the new features is the inclusion of a specific section addressed to financial services consumers. The new AFA website also introduces a channel by which to report misleading adverts and another by which to report unauthorised entities, encouraging all citizens to use this communication channel to report activities that may harm consumers.

A website that is also aimed at improving efficiency in the interaction with the industry. The regulations section is an example of the improvements, with a more ordered structure and a more powerful search engine, thus facilitating the financial institutions navigation and consultation of any type of regulations. The website also offers the possibility to subscribe to the news channel to keep up to date with the latest news and has a presence in social networks.

A specific Innovation & FinTech section is created as a tool for the interaction between those agents interested in the subject and the various work commissions created within the AFA that aim to, among other things, analyse the development of a possible regulation and the study how new types of FinTech entities might fit in in the current market.

 

All these changes are part of a global strategy for the continuous implementation of international best practices, in line with our counterparts. The modification of the AFA´s name is part of said global strategy. Remember that last July 5th the Andorran National Institute of Finance (INAF) was transformed into the Andorran Financial Authority (AFA), coinciding with the incorporation of the insurance and reinsurance sector under its supervision umbrella.

The renovation of the website is in line with ensuring greater transparency, facilitating information searches of any kind, as well as getting closer to consumers of financial services and the industry, thus contributing to placing Andorra as a reliable, profitable and secure place.

 

Source: Andorran Financial Authority