Parting Shot: Outgoing Administration Releases FinTech White Paper

Before the change in Administration, the Obama White House issued a white paper entitled “A Framework for FinTech” to highlight their FinTech initiatives and set forth suggested principles for stakeholders in the government and private sector to apply to the development and growth of FinTech. These principles focus on the objectives of fostering innovation and entrepreneurship; promoting safe, affordable and fair access to capital; expanding financial inclusion; and identifying and mitigating potential systemic risks. While the Trump Administration has signaled an interest in working with companies active in the FinTech space, it remains to be seen what priorities and policies the new Administration will pursue.

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