What’s the Matter with Regtech?

Amias Gerety is a Partner with QED Investors Regtech has been more promise than reality so far, but success is possible for startups that appreciate complexity of banks and financial services—and the interplay of rules to which they are subject.    Every large financial institution, and most small ones too, are committed to a digital … Read more

The Cryptocurrency Hole in SIPC Insurance

Patrick J. McCarty is the President of McCarty Financial LLC For all the talk that identifying virtual currencies as “securities” adds greater comfort and stability to financial rules, there is a very (very!) big problem, and one overlooked by market participants and scholars alike:  Security Investor Protection Corporation (SIPC) insurance coverage does not cover virtual currency … Read more

Many Central Banks Are Preparing For Digital Money, But Where is the Fed?

By JP Schnapper-Casteras and Misha Guttentag  The onset of the “crypto winter” has rekindled a fierce debate about the role of bitcoin and digital assets in monetary policy: opponents lambast them as a Ponzi scheme about-to-collapse and proponents promise they will replace government currencies entirely.  The reality is that, at least in the short term, … Read more

New Payment Services Won’t Always Require A Regulatory Rethink

Matt Swinehart is an attorney in Washington, DC The views expressed here are the author’s own and not necessarily the views of the United States government Two familiar tenets make up today’s conventional wisdom about fintech.  The first tenet is that the financial services industry is undergoing nothing short of a revolution.  The second tenet, … Read more

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

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