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March 4, 2019

Galvin forms group to work with fintech industry

Antonio Caban/SHNS Secretary of State William Galvin

Calling it a "rapidly growing space," the top securities regulators in Massachusetts on Friday announced the formation of a working group to engage with the financial technology, or fintech, sector.

Secretary of State William Galvin, who runs the state securities division, said the Fintech Working Group features experts in the area and division members and would both support businesses and receive advice from the industry.

"This working group includes key players from a broad spectrum of the fintech community, ranging from innovation hubs to startups to financial institutions," Galvin said. "This collaboration will help advise securities regulators on meeting the novel demands of this rapidly growing space."

The members are former Banking Commissioner Steven Antonakes of Eastern Bank; John Beccia of FS Vector; Hugo Benedetti of Carroll School of Management; Jason Cabral and former U.S. Comptroller of the Currency Thomas Curry of Nutter McClennen & Fish; Sharon Goldberg of Commonwealth Crypto; Patrick Murck of Cooley LLP; Charles Senatore of Devonshire Investors and Boston RegTech Meetup; Matthew Van Buskirk of Hummingbird, and Mike Whalen of Goodwin Proctor LLP.

In October, the U.S. Securities and Exchange Commission launched FinHub, a resource on issues such as distributed ledger technology (including digital assets), automated investment advice, digital marketplace financing, and artificial intelligence/machine learning.

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