The Office of the Comptroller of the Currency's recent white paper is a great first step in promoting innovative collaboration between banks and fintech, but companies need clearer guidelines on what regulators expect of them.
Small-scale financial services companies such as storefront lenders and local money transmitters which use technology should have a choice of whether they are regulated by a state or federal regime.
While bitcoin is viewed as "secret currency," the technology behind the cryptocurrency is immensely useful to financial services companies in preventing hacking.
The Federal Deposit Insurance Corp.Â's request for input on mobile financial services allows banks to promote how their mobile app helps the underserved, which is a plus when seeking merger approval.
Success rates vary wildly for innovation labs, but some basic principles increase a bankÂ's chances of the incubation process leading to viable product expansion.
Innovation in financial services faces a hurdle in the narrow, short-term profit motives of predatory patent trolls. Here is what startups can do to ward off attacks.
While banks should be wary of potential restrictions on the H-1B visa program, policymakers should be mindful of the consequences of limiting H-1B visas too severely.
