Regulators have developed a framework for sharing information and supporting innovative fintech businesses
The U.K. regulator received 77 applications for the second phase of the sandbox from firms seeking to test innovative products and services
The contest, which is open to fintech firms around the world, seeks innovative ideas for the banking industry
The U.S. SRO seeks to establish an ongoing dialogue on innovation and its possible impact on the financial industry
No strong case for the creation of specific licensing categories for fintech startups, consultation paper says
Emerging financial technology needs oversight, particularly when it comes to protecting customers’ privacy and security
Six startups will be given the opportunity to develop their concepts and present their technology to the bank
The collected funds are invested in a portfolio of exchange-traded funds
LabCFTC aims to foster “responsible innovation” among fintech innovators and provide information to help inform policy development
Although these companies face growing pains in adapting new technologies it’s a challenge all traditional players face