CFTC: Creates Office of Technology Innovation

CFTC: Creates Office of Technology Innovation

  • CFTC is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation
  • Chairman Rostin Behnam announced a reorganization of FinTech and customer protection efforts
  • Chairman Behnam is bolstering the agency’s FinTech efforts by creating the Office of Technology Innovation (OTI)
  • FinTech specialist Jason Somensatto, in addition to continuing his role in OTI, will be joining the Chairman’s Office
  • Steve Adamske is the director of the Office of Public Affairs and will also serve as interim director of OCEO
  • The new Office of Technology Innovation will continue the efforts in incorporating innovation and technology
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Société Générale Lays Off 1,800 Employees in France

The bank aims to streamline operations amid financial adjustments.Highlights: Société Générale will lay off 1,800 employees in France.The...

Trump Sues JPMorgan for $5 Billion Over Political Debanking Claims

Former President alleges unfair treatment by major banking institution.Highlights: Donald Trump sues JPMorgan for $5 billion over political...

Flutterwave Expands Offerings by Introducing Stablecoin Wallets for African Merchants

New service aims to empower merchants across Africa with stablecoin transactions.Highlights: Flutterwave introduces stablecoin wallets for African merchants.The...

ThisBank Launches in the UK with Branchless Banking and Competitive Savings

New digital bank strives for a personal touch in banking services.Highlights: ThisBank launches branchless banking services in the...