Massachusetts forms
Fintech Advisory Group

PROVIDENCE – Mass. Secretary of the Commonwealth William F. Galvin’s office has formed the Fintech Advisory Group to support and receive advice from so-called “fintech” businesses.

The goal is to help financial technology businesses navigate regulatory requirements while allowing the state to fulfill its mandate to protect investors and to foster fair and efficient capital markets, as well as confidence in the markets, Galvin’s office said.

The advisory group will strive to keep regulation in step with digital innovation and will monitor developments in fintech, as well as challenges encountered by fintech-related businesses in the securities industry.

Galvin’s Securities Division formed the group, which it said is the first of its kind in the nation by a state securities regulator.

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“This working group includes key players from a broad spectrum of the fintech community, ranging from innovation hubs to startups to financial institutions,” Galvin said in a statement. “This collaboration will help advise securities regulators on meeting the novel demands of this rapidly growing space.”

The advisory group includes:

  • Steven L. Antonakes, executive vice president, enterprise risk management at Eastern Bank
  • John Beccia, co-founder and CEO at FS Vector
  • Hugo Benedetti, Ph. D. candidate, Carroll School of Management at Boston College
  • Jason J. Cabral, partner at Nutter McClennen & Fish
  • Thomas J. Curry, partner and co-leader of banking and financial services group at Nutter McClennen & Fish
  • Sharon Goldberg, co-founder and CEO at Commonwealth Crypto
  • Patrick Murck, special counsel at Cooley LLP
  • Charles Senatore, head of risk oversight at Devonshire Investors, founder of Boston RegTech Meetup
  • Matthew Van Buskirk, co-founder and co-CEO at Hummingbird
  • Mike Whalen, partner, Goodwin Proctor LLP and co-leader at FinTech Practice

Scott Blake is a PBN staff writer. Email him at Blake@PBN.com.