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Fed should open the payments system to fintechs | American Banker

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"Unfortunately, several high-ranking Fed members have recently expressed reticence about letting fintechs in. This concern is somewhat misplaced, and the Fed should seek to open up the payments system."

From "Fed should open the payments system to fintechs | American Banker".

I agree with Brian Knight about this. We need to further separate payments from banking and there is no reason not allow a new class of institutions access to the payments networks while preventing them from engaging in risky credit creation.

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