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Wyoming creates fintech sandbox

CFPB Monitor

Earlier this year, Wyoming became the second state to create a financial technology (fintech) sandbox by enacting the “ Financial Technology Sandbox Act ” (Sandbox Act). Arizona was the first state to create a fintech sandbox and we will soon be publishing a blog post about Utah’s new fintech sandbox.)

Wyoming 60
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GAO: FinTech Firms, FIs Seek Alternative Data Clarity In Lending

PYMNTS

The GAO said it had seen — through interviews with 11 FinTech firms — loan volume grow by sevenfold, while collaborative efforts with banks continued to grow from 2013 to 2017. According to the banks that have linked with FinTech firms, such guidelines would help relationships between the parties.

Lending 150
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Crypto exchange Kraken receives Wyoming bank charter

American Banker

The company, which left New York in 2015 to avoid its regulations on virtual currencies, has found a more welcoming state.

Wyoming 98
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How the OCC is building Crypto America

Lex Sokolin

But regardless of all that, $1 trillion of value has indeed materialized and grown on blockchain-based financial networks since 2008. We love the robot as much as the next Fintech commentator. Second, Fintechs (e.g., is New York better than Wyoming ?), A state like Wyoming has set precedent?—?almost Here it is.

America 52
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How the OCC is building Crypto America

Lex Sokolin

But regardless of all that, $1 trillion of value has indeed materialized and grown on blockchain-based financial networks since 2008. We love the robot as much as the next Fintech commentator. Second, Fintechs (e.g., is New York better than Wyoming ?), A state like Wyoming has set precedent?—?almost Here it is.

America 52
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Utah’s new regulatory sandbox

CFPB Monitor

This bill created the nation’s third regulatory sandbox program for fintechs, after Arizona , which enacted sandbox legislation in March 2018, and Wyoming , which enacted sandbox legislation in February of this year. Notably, Utah’s definition expressly includes blockchain technology. Utah Governor Gary Herbert signed H.B.

Utah 60
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Symbiont Completes Proof of Concept with R3, Credit Suisse, Ipreo

Fintech Labs Insights

With FinDEVr Silicon Valley 2016 only a few weeks away, it was great to hear that one of our FinDEVr alums, Symbiont ( FD16 ), has just completed the initial stage of a proof of concept that uses its blockchain and smart contract technology to improve the syndicated loan market. Enthusiasm for the PoC was widespread among the participants.