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309. Innovation in FinTech and Dispelling the Myth that Regulations Will Stifle Innovation

DATE: Friday, July 21, 2017      TIME: 3:30 PM - 4:30 PM
LOCATION: City Hall, Committee Room 119

The emergence of Financial Technology (“FinTech”) companies has been bringing rapid innovation and change to the financial services industry. But unlike traditional financial institutions, FinTech companies are not currently regulated by federal agencies. Our panel will explore recent innovation in FinTech, including mobile payment and blockchain technology for digital currency and banking, and how FinTech companies can help shape regulation. We will also discuss currently proposed regulation of FinTech, digital assets, and blockchain technology in a way that will protect the public without stifling innovation. Our panel will discuss the following issues:

  • What are the latest innovations in FinTech?
  • What is blockchain technology and why does it matter?
  • Should digital currency and blockchain technology be regulated in the United States and how?
  • Will regulations stifle innovation in FinTech or can FinTech companies help shape regulation to their benefit?
  • Should Congress consider the free market approaches for FinTech such as those employed in other jurisdictions such Singapore and the UK?

CLE accreditation pending. Click here to download CLE materials.


Principal, Polsinelli

Margaux Savee

Margaux Savee is a member of Polsinelli’s Intellectual Property Litigation and Post Grant Proceedings practice groups. She has litigated and managed post-grant review proceedings involving a variety of technologies, including medical devices, computer software and hardware, network architectures, and biotechnology. She has represented clients in the U.S. District Courts, the U.S. Court of Appeals for the Federal Circuit, the U.S. International Trade Commission, and the Patent Trial and Appeal Board. Margaux is a long time member and supporter of APABA-SV and has served as President (2011), Vice President (2010), and Board Member (2007-2009) of APABA-SV and is currently a member of APABA-SV’s Strategic Advisory Committee. Margaux graduated from the University of California, San Diego (B.S. Chemistry), Golden Gate University School of Law (J.D.), and the University of Oxford, Saїd Business School (M.B.A.).


Principal, Polsinelli

Richard B. Levin

Richard B. Levin is the Chair of the Financial Services Technology (FinTech) and Regulation Practice at the national law firm Polsinelli. His practice focuses on the representation of early stage and publicly traded companies in the FinTech industry, including broker-dealers, hedge funds, alternative trading systems (ATSs), exchanges, peer to peer lending platforms, robo advisors, crowdfunding portals, and digital currency platforms. He represents these firms before the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), and the Financial Industry and Regulatory Authority (FINRA). Richard has represented clients before regulators in Australia, Canada, Hong Kong, Japan, and the United Kingdom and he also counsels companies that appear before the United States Senate and the House of Representatives. Richard played a leadership role in the launch of two joint ventures of leading investment banks, including: Bank of America, Barclays, BlackRock, Citibank, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, KCG, Merrill Lynch, Morgan Stanley, Northern Trust, State Street, and UBS. He has served in senior legal, business, and compliance positions in publicly traded and privately held financial services firms. Before entering private practice, he was the Global Head of Product Development for Compliance and Operations for Deutsche Bank.

Katherine McLain

Corporate Counsel, Stripe

Katherine McLain, Esq. currently serves as corporate counsel for Stripe, Inc. focused on partnerships with financial institutions, card networks and alternative payment methods as well as regulatory and licensing areas. She has previously held legal and compliance roles ranging in both public and private companies ranging from banks like Silicon Valley Bank and Wells Fargo to startups like Banker’s Toolbox and Obopay. She has 30+ years experience as a revenue focused attorney and regulatory professional helping grow new business lines as well as ground up start up ventures. She is a graduate of the University of California, Berkeley and the Santa Clara University School of Law and lives with her family and dog Jax in Castro Valley, CA.

Timothy Yip

Product and Commercial Counsel, Square, Inc.

Timothy Yip is Product and Commercial Counsel at Square, Inc. in San Francisco where he leads the commercial team. At Square Tim has provided counsel for a variety of consumer and business facing products including hardware readers, the Square Cash mobile app, and Caviar, a food delivery service. Before Square, Tim was Product Counsel at Twitter, Inc., where he was lead counsel for Vine and Twitter #Music, as well as Twitter’s consumer media products, including photos, video, and direct messages. Prior to Twitter, Tim was a corporate associate at Fenwick & West LLP in Mountain View. Tim graduated from the University of Texas and the Benjamin N. Cardozo School of Law.