Balancing Innovation & Consumer Protection
Financial Technology, or FinTech, refers to a spectrum of technology innovations and startups that demonstrate disruptive potential in applications, processes, products, or business models in the financial industry. As FinTech continues to develop and evolve, providing solutions to more facets of the financial industry, it faces a more traditional problem: balancing consumer protection with innovation. Unlike other areas of technology, FinTech requires a certain degree of fiduciary duty to their users - bringing questions of regulation, security, and compliance to the forefront.
GW Law's Center for Law, Economics & Finance held the FinTech Forum Silicon Valley at Plug and Play in Sunnyvale, California to bring together industry leaders, academic experts, government regulators, and legal scholars in the heartland of innovation to discuss the issues that arise in the search for such a balance.