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.
The George Washington University’s Center for Law, Economics, and Finance held the FinTech Forum Silicon Valley at Plug and Play in Sunnyvale, California on Wednesday, September 21st, 2016 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. The Forum is co-hosted by Plug and Play and co-sponsored by Morrison & Foerster and White & Case.