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ARTICLE · 17 MARCH 2025

2024 Year In Review: Fintech

Goodwin Procter LLP
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Financial technology — or fintech — companies will continue to receive increased regulatory scrutiny in 2025. The latter half of 2024 saw a rise in regulatory guidance and enforcement activity.

United StatesTechnology
Christina L. Hennecken
Christina L. Hennecken
Matthew L. Riffee
Matthew L. Riffee
Sabrina Rose-Smith
Sabrina Rose-Smith
Levi Swank
Levi Swank
W. Kyle Tayman
W. Kyle Tayman
Courtney L. Hayden
Courtney L. Hayden
Viona J. Harris
Viona J. Harris
Lauren Jackson
Lauren Jackson
Chenxi (CC) Jiao
Chenxi (CC) Jiao
+2 more

Looking Ahead to 2025

Financial technology — or fintech — companies will continue to receive increased regulatory scrutiny in 2025. The latter half of 2024 saw a rise in regulatory guidance and enforcement activity relating to fintechs and the banks that partner with them to offer depository consumer financial services. Although federal activity is slowing down (at least initially) with the new administration, state regulators such as the California Department of Financial Protection and Innovation (DFPI) and New York Department of Financial Services (DFS) have signaled they will pick up the slack.

The Federal Deposit Insurance Corporation (FDIC) may provide further guidance on bank-fintech arrangements after considering the results from its July Request for Information (RFI) seeking information and comment on bank-fintech arrangements.

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