Op-Ed: Fintech Doesn’t Need DC’s Help

From Ryan Gilbert in the American Banker:

“During the Obama years, entrepreneurs received $25.2 billion in venture financing and launched 3,319 fintech companies, according to CB Insights data. They created jobs, enabled consumers’ economic advancement, aided small business growth and contributed to the overall U.S. economy.

“Most notably, they did this all within the status quo of legislation and regulation. They weren’t encumbered by the lack of change, and most realized that the happy path to business success in a regulated industry is to follow the law.

“My humble request to new administration is: Please don’t bother. Please don’t distract entrepreneurs and innovators from their jobs and goals. The research has been done and the learnings are well-documented. Search the archives.

You can read the full piece here.