NYDFS Seeks New RegTech Director for Supervisory Push

The New York Department of Financial Services (NYDFS), which regulates finance and cryptocurrency activities in New York State, is seeking a Director within its Research and Innovation Division to design, build, and manage a program to facilitate the testing of RegTech solutions to improve its supervision of regulated entities. The regulator is taking inspiration from efforts by other regulators, including the Bank of England, which the NYDFS specifically references for its initiative to enlist technology companies in the rapid testing of promising solutions.