What the Senate Bill Means for Fintech

While the focus of the new bill that recently passed the Senate has been on banks, it could effect fintech is a big way; the bill releases restrictions on banks, especially smaller one’s, where they can better leverage technology and potentially hurt the market share of fintechs; banks were heavily restricted after the financial crisis when many of these regulations went into effect; if the bill were to be signed then fintechs would have to start ensuring they can be long term sustainable businesses. Source.

  • Todd Anderson

    Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.