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New Report Examines Regulatory Landscape of Financial Technologies
White paper shows extensive regulatory requirements for new marketplace entrants
WASHINGTON – JULY 11, 2016 – Financial Innovation Now, a public policy coalition comprised of Amazon, Apple, Google, Intuit and PayPal, today released a report titled, “Examining the Extensive Regulation of Financial Technologies.” The report details current state and federal regulatory compliance requirements for new marketplace innovators in financial services.
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About Financial Innovation Now
Financial Innovation Now is an alliance of technology leaders working to modernize the way consumers and businesses manage money and conduct commerce. We believe that technological transformation will make financial services more accessible, safe and affordable for everyone, and we promote policies that enable these innovations.
Our member companies include Amazon, Apple, Google, Intuit and PayPal.
Right now there are countless reasons for innovative stakeholders to accelerate the pace of change in financial services:
The United States and the world can do better. Innovation in financial services has the potential to greatly improve how consumers and small businesses save, borrow, transact, and invest. We believe financial innovation will:
Financial Innovation Now is working with policymakers and other stakeholders to ensure that legislative and regulatory initiatives encourage the growth and adoption of new financial services technologies and products.