Potential of fintech needs policy support

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By Jennifer Kang
26 Feb 2019

Regulators on Capitol Hill are often keen to demonstrate their willingness to embrace innovations in financial services, but fewer words and more action are needed from politicians to protect both lenders and consumers if fintech’s potential is to be realised, panellists at the Structured Finance Industry Group (SFIG) conference said on Monday morning.

“In the past year to two years, the speed with which fintech is generally being embraced and discussed in [Washington] DC circles is pretty phenomenal,” said Rostin Behnam, commissioner of the Commodity Futures Trading Commission (CFTC). “There is pretty solid engagement in DC and a willingness to work ...

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