On today's episode, I talk with Kelly Fryer, Executive Director of the FinTech Sandbox.
This week’s PeerIQ Industry Update covers the upwards revision of U.S. GDP growth to 2.9 percent from 2.5 percent; they provide a sneak peek into the PeerIQ Credit Facility Management Suite; Prosper announced 2017 results, former Avant founder John Sun raised $15mn for a new startup and the Arizona AG helped start the first fintech sandbox in a U.S. state in Arizona; Citi is building out their mobile app as the push by incumbent banks into digital becomes bigger. Source.
Christopher Woolard, the FCA’s executive director of strategy and competition, said he would like to see a collaboration of global regulators to encourage fintech growth; this would be in the style of a global sandbox and would be quite the undertaking but as Mr. Wollard stated, they are up for it; this would allow companies to better understand the regulatory limits and help to stop global issues like money laundering. Source.