As Fintech Industry Matures, the Need for Policy Advocacy Grows: OLPI and MPL Merge to Form American Fintech Council

Financial technology or Fintech has been growing at a rapid pace for years now. Starting with online capital formation, today a growing number of sophisticated financial services are going through a much-needed. digital transformation. This can mean better/cheaper access to services for more consumers and businesses A clear win for all. But too frequently, the message can be lost in the policy shuffle on Capitol Hill where legislators may not understand the technology or are more comfortable being informed by incumbent financial services firms that may end up driving legislation. There have been multiple efforts in recognition of a need for Fintech to have a seat at the policy table and last week saw the announcement of two trailblazers merge to form the American Fintech Council.