Matthew Najar – Fintech is critical for our generation
Governments in major economies are encouraging financial technology (fintech) innovation with regulatory and advisory initiatives designed to accelerate the availability of online payment solutions and other financial services for businesses. The initiatives generally aim to attract innovative fintech companies and help them operate in the regulated financial sector, while ensuring adequate financial protection for customers. Industry leader and innovator, Matt Najar, believes without new FinTech initiatives, we will stall: “FinTech, blockchain certainly included, is critical for our generation to solve inherent financial system issues and progress forward”.
Among the efforts are new licensing and regulatory approaches that help fintechs offer new or broader services, including banking. Other moves include advisory services that guide new companies through financial regulations, and “regulatory sandboxes” that let firms test new services with customers before obtaining full regulatory approval.
Najar, who has been in the fintech space since 2014, has been one of the loudest voices in support of increased spending in the financial technology space, having provided continuous leadership services for AMEX Group as well as external consulting for smaller start-up Blockchain firms.
The initiatives are taking place against a backdrop of rapid fintech growth. There are thousands of fintech start-ups worldwide, and many have attracted substantial venture funding; a report