Cyberspace and Fintech Borders

By Dr. Rosa Lastra and Dr. Jason Grant Allen Since the 1990s, the Internet has become the communications channel used for an increasing number of commercial and financial transactions, not least because it makes transacting across geographical distances quicker, easier, safer, and more affordable. Already in the 1990s, it became clear that the Internet was … Read more

Contextualizing Regulatory Sandboxes in Latin America

Nydia Remolina is the Legal Advisor for Innovation, Grupo Bancolombia Intense competition for technological innovation is informing not only business strategies for participants in financial markets, but also regulatory policy in forward-looking jurisdictions seeking to raise their profile as fintech hubs.  Importantly, this is not just a phenomenon impacting US and EU markets, but also … Read more

Fintech Sector Hurt By Shutdown

The consequences of the partial government shutdown for the poor, the environment, federal employees and those relying on government services or benefits have become painfully evident, and are getting worse. The shutdown is also starting to create serious problems for financial technology firms — slowing dealmaking, impairing supervision and casting a pall over the presumed … Read more

Open Banking, Cybersecurity, and the Cyclicality of Fintech Regulation

Sam Taussig is the Head of Global Policy, Kabbage, Inc. Two clear trends are transforming banking—and driving the next generation of regulatory policy.  First, the adoption of data-intensive technologies have ushered in a wave of conveniences and services that have revolutionized personal finance, especially for millennials. Consumers under 40 expect friction-less service, mobile-native services, from mortgage applications to … Read more

EU Prepares to Begin Harmonizing Crypto Asset Rules

Two leading financial regulatory authorities are preparing to release pivotal reports on cryptoasset regulation throughout the European Union with recommendations that set the stage to create a separate “bespoke” regime for cryptoassets that are not currently subject to regulation in the bloc. The reports by the European Securities Markets Authority (ESMA) and the European Banking … Read more

Not Just a Sandbox: The CFPB’s Proposed Innovation Agenda

Eric Goldberg is a Partner at Akerman LLP and former Managing Counsel for Regulations at the CFPB On December 13th, the CFPB took a substantial step towards improving the regulatory climate for fintech innovation when it released a long-awaited proposal that would (1) revise the Bureau’s no-action letter policy and (2) establish a regulatory sandbox. … Read more