FinHub, a fintech arm of the US Securities and Exchange Commission (SEC) will host digital meetings for industry players amidst COVID-19 lockdown.
On June 11, the commission said in a statement:
“To facilitate ongoing communications, FinHub will host a series of thematically-based virtual P2P meet-ups over the next few months. During each series, FinHub staff will meet virtually with innovators, entrepreneurs, or firms that wish to discuss issues related to that series’ theme.”
It has been analyzed that FinHub started up in late 2018 as a bridge between burgeoning technologies and the guidelines that govern them, as the office set out to add clarity and contact among public entities and the government agency, as such new financial technologies sometimes sit in legal gray areas.
#SEC wing #FinHub will conduct online meetings with #fintech parties to get input on regulation, @benjaminpirus reports. https://t.co/YA3AETgWdR — Cointelegraph (@Cointelegraph) June 11, 2020
However, the statement said that by giving a platform for folks and groups to voice questions, comments, or concerns, FinHub worked largely through on-site gatherings last year in a number of regions.
COVID-19 concerns and resultant lockdowns have spurred a different form of contact going forward.
As per the report, the FinHub meetings will cover a range of topics in coming months.
The statement further stated:
“The first theme is regulatory technology (RegTech).”
Thus, the statement said:
“Financial services firms are increasingly turning to technological innovation to strengthen and add efficiencies to their regulatory compliance programs.”
Source: Cointelegraph | Image: Kongres Magazine