SF Fed Fintech Speeches and Publications

These publications and speeches reveal SF Fed insights into how fintech is impacting banking and financial services and causing bank supervisors to think about the risks and opportunities it presents.

Fintech Edge: Making Sense of Bitcoin Price Levels

The virtual currency Bitcoin has received considerable attention in the past few years and more recently due to its price surge and subsequent volatility. At the end of 2017–in only a year’s time–the price of a Bitcoin increased about twentyfold to almost $20K. The sudden and unsteady changes in Bitcoin’s price beg the question–how do we consider its price levels? Given that an argument can be made that Bitcoin is a currency, a security, and a commodity, different economic theories might explain the evolution of its price.

Fintech and the U.S. Regulatory Response

Speaking at an international summit in Shanghai, Gerald Tsai, the director of the fintech team at the San Francisco Fed, gives an overview of the U.S. fintech industry and financial regulatory framework. He also discusses the unique operating challenges fintech companies face, as well as the work regulators are doing to address them.

Engaging with Industry: Our Work in Fintech

At a fintech event hosted by Orange Silicon Valley, Tracy Basinger, then a group vice president in the Bank’s Financial Institution Supervision and Credit Group, highlights the fintech work underway inside the Federal Reserve where a team of supervisors is studying fintech developments to understand the range of risks and opportunities and develop recommendations for a broader Federal Reserve response.

Tailoring, Fintech, and Risk Culture: The Talk of the (Community Banking) Town

What is fintech’s role in the financial system? How do banks manage the risks when they partner with fintech firms? In a speech to the Western Independent Bankers, Teresa Curran, then executive vice president and head of supervision of the Bank’s Financial Institution Supervision and Credit Group shares a perspective on this and explores how banks are using technology to improve and expand their services.

Fintech: The Power of the Possible and Potential Pitfalls

In a speech at LendIt USA 2016, John Williams, then the San Francisco Fed’s president and CEO, discusses fintech’s promise and some of its associated risks.

What We’ve Learned…and why it matters – Watch the full interview

In this video, Tracy Basinger, then a group vice president in the Bank’s Financial Institution Supervision and Credit Group explains why fintech is a matter of great importance and interest to the Fed.