FINRA Launches Fintech Focused Office of Innovation

The lead regulator for broker dealers has launched an Office of Innovation to focus on the growing importance of fintech; the goal of the office will be to engage with industry participants, regulators, investors and other stakeholders; the office will also be expected to release reports on developing areas within fintech and analyze risks to the securities market; “I am confident the Office of Financial Innovation will further FINRA’s long-standing commitment to understanding and addressing these issues through coordinated responses that foster both innovation and investor protection,” said FINRA President Robert Cook to Crowdfund Insider. Source.