February 07, 2020
SUPERINTENDENT LACEWELL ANNOUNCES DFS TO HOLD FIRST SYMPOSIUM ON FINANCIAL INNOVATION AND INCLUSION DURING NEW YORK FINTECH WEEK
Symposium Will Convene International and Domestic Innovation and Inclusion Stakeholders to Discuss Opportunities for Financial Innovation to Drive Greater Inclusion
Symposium Will Take Place on April 2, 2020
NEW YORK – Financial Services Superintendent Linda A. Lacewell today announced that the Department of Financial Services (DFS) will hold its first Symposium on Financial Innovation and Inclusion on Thursday, April 2, 2020, during New York Fintech Week, which is taking place March 30 to April 3.
“New York is the capital of finance and innovation, and technology is driving change throughout the financial services industry,” said Superintendent Lacewell. “As regulator of New York’s financial services industry, DFS encourages responsible innovation to ensure that it benefits New Yorkers. The Department looks forward to welcoming domestic and international regulatory peers and stakeholders to advance financial inclusion in fintech.”
The symposium aims to bring together the entire ecosystem of stakeholders, including policymakers, regulators, innovators, established financial institutions, investors, and those representing consumer perspectives. The agenda will explore the intersection of innovation and inclusion, looking at opportunities to help consumers benefit from new developments and mitigate potential risks.
As previously announced, DFS is also hosting the private annual meetings of the Global Financial Innovation Network (GFIN) during the same week. Last year, DFS became the first U.S. state banking regulator to join GFIN after Superintendent Lacewell traveled to Europe and met with international regulators. DFS’s international scope and reach makes it an ideal host for GFIN’s international membership and the state’s dynamic fintech scene provides an ideal backdrop for this symposium.
In 2019, under Superintendent Lacewell, DFS established a newly created Research and Innovation Division to support internal transformation and market innovation, ensuring that DFS keeps pace with the rapid changes in all sectors of the financial services industry and that New York remains the jurisdiction of choice for innovators.