Popular, FinTech, Innovation

Why Traditional Banks Keep Failing At Fintech

K2 Integrity on 3/13/2025

Yet another bank-led fintech venture has shut down within a year of its launch. HSBC’s Zing, a payments app, failed to gain traction beyond its initial market and was discontinued. Despite ambitious plans to expand across two...more

Navigating the New Digital Currency Guidelines in Hawaii: Opportunities for Fintech Innovation

Ankura on 11/26/2024

The recent issuance of guidance regarding digital currency activities in Hawaii marks a significant milestone for Fintech companies and startups operating in or considering expansion into the Aloha State. Effective July 1,...more

Insurtech Innovation in the Metaverse

Goodwin on 1/4/2023

The metaverse will offer new forms of immersive entertainment, modes of social interaction, and opportunities for collaboration. It is also expected to generate tremendous economic value....more

Bank of Italy initiatives on Artificial Intelligence in the banking, financial and payment sector

Hogan Lovells on 10/1/2021

Bank of Italy launched initiatives regarding the use of Artificial Intelligence for innovating the banking, financial and payment sector and complaints handling....more

[Webinar] FinTech Innovation at California’s Newest Financial Regulator: A Discussion with Christina Tetreault, head of the Office...

Davis Wright Tremaine LLP on 9/21/2021

The California Department of Financial Protection and Innovation (DFPI) aspires to be a "premier financial regulator and national model for consumer protection.” Integral to its strategy is the Office of Financial Technology...more

Fintech 2020: A Global Survey on the State of Financial Technology

Goodwin on 9/16/2020

Letter from Our Co-Chairs - As the digital transformation of financial markets accelerates at breakneck speeds, fintech presents significant opportunities and challenges for both investors and innovators around the world. ...more

Financial institutions general regulatory news, September 2020

Hogan Lovells on 9/8/2020

SMCR extension: SI extending implementation date made - The Bank of England and Financial Services Act 2016 (Commencement No. 6 and Transitional Provisions) (Amendment) Regulations 2020 (SI 2020/929) have been made....more

European Commission Publishes Report on Liability for Artificial Intelligence

A&O Shearman on 12/17/2019

The New Technologies formation of the European Commission’s Expert Group on Liability and New Technologies has published a report on liability regimes for artificial intelligence. The report discusses existing laws concerning...more

Patenting Trends in Blockchain Innovations

Kilpatrick on 9/16/2019

Blockchain technology adoption has increased rapidly in recent years. The proliferation of tools for big data analysis and artificial intelligence based processing pushes organizations to collect and make available large...more

NYDFS Creates Research and Innovation Division and Prioritizes Fintech and Consumer Protection

Ballard Spahr LLP on 7/26/2019

Linda Lacewell, the recently confirmed Superintendent of the New York Department of Financial Services, detailed in a recent interview that she will prioritize fintech and consumer protection. True to her word, NYDFS...more

Congress Holds First Fintech Task Force Hearing, Focuses on Innovation Regulation

ArentFox Schiff on 7/2/2019

The House Financial Services Committee’s new task force on fintech held its first hearing on Tuesday, June 25th, regarding the regulatory response to fintech’s rapid expansion and the impact it is having on consumers as well...more

Fintech in Brief: OCC Singles Out Financial Innovation as Special Risk Topic

Nutter McClennen & Fish LLP on 5/23/2019

On May 20, the OCC published its Semiannual Risk Perspective, Spring 2019 and singled out financial innovation and rapid developments in Fintech as a special topic in emerging risks to the banking industry. This is the first...more

Wyoming Becomes Second State to Create Fintech Regulatory Sandbox

Kilpatrick on 3/6/2019

On February 19, Wyoming Governor Mark Gordon signed HB 57, which creates a regulatory sandbox program in the state for companies to test innovative financial products and services. Wyoming becomes the second state in the...more

Cato Institute to hold Jan. 17 policy forum on fintech innovation

Ballard Spahr LLP on 1/15/2019

The Cato Institute announced that it will hold a policy forum in Washington, D.C. on January 17, 2019 at which the topic will be “Promoting Fintech Innovation and Consumer Choice: The Role of Regulatory Sandboxes.”...more

Speech by Federal Reserve Board Governor Brainard on Fintech and the Search for “Full Stack” Financial Inclusion

Kilpatrick on 10/24/2018

On October 17, 2018, Federal Reserve Board Governor Lael Brainard delivered a speech entitled “FinTech and the Search for Full Stack Financial Inclusion” at the FinTech, Financial Inclusion — and the Potential to Transform...more

FINRA Requests Comment on Financial Technology Innovation in the Broker-Dealer Industry

Orrick - Finance 20/20 on 8/7/2018

On July 30, 2018, the Financial Industry Regulatory Authority (“FINRA“) published a Special Notice, in response to requests from the public, “seeking comments on how FINRA can support fintech development consistent with [its]...more

CFPB Names Director for the Office of Innovation

Kilpatrick on 7/19/2018

On July 18, 2018, Consumer Financial Protection Bureau (CFPB or Bureau) Acting Director Mick Mulvaney announced that he has selected Paul Watkins to lead the Bureau’s new Office of Innovation. Acting Director Mulvaney...more

U.S. Treasury Department to Weigh In On Fintech Innovation

Kilpatrick on 6/26/2018

Press reports indicate that the U.S. Treasury Department anticipates releasing a report during the next few weeks that will provide some recommendations on financial services regulation. The report will be the fourth and...more

Fintech Sandboxes – Update on State Approaches

Davis Wright Tremaine LLP on 4/16/2018

Arizona’s Fintech Sandbox - Last month Arizona became the first U.S. state to enact a law allowing for the establishment of a fintech regulatory sandbox program (H.B. 2434) to facilitate the growth of innovative financial...more

Arizona Becomes First State in U.S. to Offer Fintech Regulatory Sandbox

Kilpatrick on 3/26/2018

On March 23, 2018, Arizona Governor Doug Ducey signed House Bill 2434 into law, which makes Arizona the first state in the United States to enact a fintech regulatory “sandbox.” The bill was sponsored by Representative Jeff...more

FinTech Highlights from CFTC Chairman Giancarlo’s Testimony Before House Agricultural Committee

Perkins Coie on 10/13/2017

Earlier this week, CFTC Chairman Christopher Giancarlo testified before the House Agricultural Committee. The following are highlights of “Fin Tech” issues addressed during the course of that testimony....more

Blockchain Week in Review – May 2017 #4

Perkins Coie on 5/30/2017

Below is a summary of some of the significant legal and regulatory actions that occurred over the past week. This alert is not intended to be a comprehensive list of all such developments, but rather a selection of...more

OCC Issues Draft Fintech Supplement to OCC Licensing Manual

Davis Wright Tremaine LLP on 5/8/2017

On March 15, 2017, the Office of the Comptroller of the Currency issued a “Draft Supplement” to the Comptroller’s Licensing Manual, entitled “Evaluating Charter Applications from Financial Technology Companies” (Supplement)....more

The FinTech Revolution: An Introduction to Financial Technology

Blank Rome LLP on 3/6/2017

This article is the first in a series of articles on this topic by the authors. “FinTech” has become a buzzword of the decade. The term, which is a moniker for “financial technology,” captures all manner of...more

Obama Administration Issues a Fintech Policy Whitepaper

Kilpatrick on 1/19/2017

On January 13, 2017, the National Economic Council published a whitepaper that articulates the Obama Administration’s perspective on and vision for FinTech. The whitepaper builds upon the June 2016 White House FinTech Summit,...more

Today's Popular Updates › FinTech › Innovation

"My best business intelligence, in one easy email…"