LabCFTC OverviewLabCFTC is the focal point for the CFTC's efforts to promote responsible fintech innovation and fair competition for the benefit of the American public. LabCFTC is designed to make the CFTC more accessible to fintech innovators, and serves as a platform to inform the Commission's understanding of new technologies. Further, LabCFTC is an information source for the Commission and the CFTC staff on responsible innovation that may influence policy development.Fintech Innovation -- Today, fintech is driving innovation in financial markets across the globe. New technologies are wide-ranging in scope, from cloud computing and algorithmic trading to distributed ledgers to artificial intelligence and machine learning to network cartography, and many others. These technologies have the potential for significant or even transformational impact on CFTC regulated markets and the agency itself.Commodity Futures Trading CommissionCFTC_9ec12d2c-4f6e-418a-a301-7a6494f82b49ConsumersThe need for LabCFTC is immediate. Consumers, farmers, ranchers as well as investors have benefited from the technological innovation of the markets overseen by the CFTC. The pace of change in just the past few years has only increased.FarmersRanchersInvestorsFintech ProvidersFintech refers to a broad range of new technologies that have the promise to fundamentally reshape our markets, including the CFTC's supervision and oversight.RegTech ProvidersRegTech is an important part of fintech focused on solutions that can enhance the regulatory compliance function to be more effective and efficient. LabCFTC will be a dedicated CFTC function to engage with these technologies.High-quality, resilient, and competitive markets_164bb280-83f6-11ea-b391-2d481383ea00To promote responsible fintech innovation and fair competition_164bb474-83f6-11ea-b391-2d481383ea00MarketsQualityResiliencyCompetitivenessInnovationFairnessInnovationPromote responsible fintech innovation to improve the quality, resiliency, and competitiveness of our markets_164bb550-83f6-11ea-b391-2d481383ea001_164bb622-83f6-11ea-b391-2d481383ea00EngagementAccelerate CFTC engagement with fintech and RegTech solutions that may enable the CFTC to carry out its mission responsibilities more effectively and efficiently._164bb6e0-83f6-11ea-b391-2d481383ea002Fintech Solution ProvidersRegTech Solution ProvidersInnovator CommunityEngage with the innovator community. _164bb79e-83f6-11ea-b391-2d481383ea002.1Innovator CommunityThrough such engagement, the Commission can better understand how new innovations interact with the regulatory and supervisory framework, and identify areas where the framework could better support responsible innovation.CollaborationFacilitate collaboration among the fintech industry and CFTC market participants that facilitate responsible innovation in our markets and promote the use of technology within our agency._164bb8ca-83f6-11ea-b391-2d481383ea002.2Fintech IndustryCFTC Market ParticipantsThis collaboration can benefit the many businesses and members of the public that rely on the derivatives markets that the CFTC oversees.Studies & ResearchParticipate in studies and research that facilitate responsible innovation in our markets and promote the use of technology within our agency._164bb9b0-83f6-11ea-b391-2d481383ea002.3CooperationCooperate with financial regulators at home and overseas._164bba8c-83f6-11ea-b391-2d481383ea002.4Financial RegulatorsTrends & DevelopmentsMonitor trends and developments to ensure that our regulatory framework supports – and does not unduly impede – responsible technological innovation. Information sharing about applications of fintech, including potential use cases, benefits, risks, and solutions._164bbb7c-83f6-11ea-b391-2d481383ea002.5Academia, Students & ProfessionalsEngage with academia, students and professionals on applications of fintech relevant in the CFTC space._164bbc94-83f6-11ea-b391-2d481383ea002.6AcademiaStudents & Professionals2020-04-21https://www.cftc.gov/LabCFTC/Overview/index.htmOwenAmburOwen.Ambur@verizon.net