On October 19, the Conference of State Bank Supervisors (CSBS) announced that 33 financial technology companies have agreed to serve on the CSBS Fintech Industry Advisory Panel. The goal of the panel is to identify ways to help modernize the state regulatory system. According to CSBS, the 33 participating companies range from start-ups to national brands and represent differing industry sectors, as well as, geographic locations and business models. The advisory panel will have three working groups, (i) money transmission and payments; (ii) lending; and (iii) community banking and innovation.
A complete list of the panel’s membership is here.