Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 5-day trial to continue exploring with full access.

CFTC launches LabCFTC, a major FinTech initiative

Joe Mont | June 2, 2017

The Commodity Futures Trading Commission has announced the creation of LabCFTC, a multui-faceted hub for the agency’s engagement with FinTech innovators.

The new initiative is aimed at promoting responsible FinTech innovation to improve the quality, resiliency, and competitiveness of the markets the CFTC oversees. Located in New York LabCFTC will also look to accelerate the Commission's engagement with FinTech and RegTech solutions that may enable the it to carry out its mission responsibilities more effectively and efficiently.

“LabCFTC is the agency’s focal point to promote FinTech innovation and fair competition by making the CFTC more accessible to FinTech innovators and serving as a platform to inform the CFTC’s understanding of new technologies,” the announcement says. “Further, LabCFTC will be an information source for the Commissioners and the CFTC staff on responsible innovation that may influence policy...

Buy this article for $49, or subscribe to Compliance Week for a month at $149 and get unlimited article access for 30 days.