Fed’s Waller Says Technology Can Deliver More Choice in Payments

US regulators ought to welcome the ways new technologies could benefit financial firms as well as consumers, while imposing guardrails that promote safety, Federal Reserve Governor Christopher Waller said.

“As we enter the next frontier, let us remember that this is not a new story and that we should not fear new technologies, nor new types of providers,” Waller said Monday in prepared remarks for the Sibos conference in Frankfurt.