FinCEN’s Innovation Hours Program

Welcome to FinCEN's Innovation Hours Program.  

The FinCEN Innovation Hours Program is a key element of FinCEN’s Innovation Initiative, which FinCEN is using to enhance our national security through the promotion of responsible financial services innovation that furthers the purposes of the Bank Secrecy Act (BSA), as amended by the Anti-Money Laundering Act of 2020.

Private sector innovation, either by new ways of using existing tools or by adopting new technologies, can help provide new and more efficient means of providing financial services to consumers and businesses, help financial institutions enhance their anti-money laundering (AML) compliance programs and contribute to more effective and efficient record keeping and reporting under the BSA framework.  

Responsible innovation is an important part of safeguarding the U.S. financial system against new and evolving threats to the nation's security and financial system related to money laundering, terrorist financing and other serious financial crimes.  Innovation Hours offers financial institutions, technology providers, venture capitalists, and other firms involved in financial services an opportunity to discuss and showcase their innovative products, services, investments, and business processes or approaches designed to enhance AML and the countering of the financing of terrorism (CFT) efforts or provide new financial services options to consumers and businesses.  Innovation Hours will foster a better mutual understanding by the public and private sector of the opportunities and challenges associated with innovating in the financial services sector, including AML/CFT-related products and services.

For more information about FinCEN’s Innovation Hours Program, including the criteria to participate, please see the Frequently Asked Questions (FAQs)

Date: Underserved Groups Innovation Hours Sessions (June 10, 2021)
Time:

9:00am to 5:30pm EST (individual meetings)

Location:

Virtual Meetings.

Underserved Groups Innovation Hours Sessions (June 2021).  FinCEN will host a special set of virtual FinCEN Innovation Hours Program Sessions on June 10, 2021, focusing on the role of “underserved groups” (see Executive Order 13985 “Advancing Racial Equity and Support for Underserved Communities Through the Federal Government) in developing technology to fight illicit financial activity and support our national security.  Firms founded, owned, or managed by underserved groups will have the opportunity to present their innovative products, services, and approaches designed to enhance AML/CFT efforts and our national security.  Firms must be certified under the Small Business Administration (SBA) Section 8a Business Development (BD) Program.

 Interested companies should submit a request online no later than May 10, 2021, and provide applicable background information about the firm’s business and innovative products, and proof of certification under the SBA 8a BD Program (that can be confirmed through a search of SBA’s Dynamic Small Business Search (DSBS)).  The number of individual demonstration sessions will be limited.

Through the virtual meeting format, FinCEN is helping ensure that any financial technology (FinTech) and Regulatory technology (RegTech) companies, related venture capital firms, or financial institutions can continue to present their innovative products and services FinCEN and continue engaging on solutions designed to improve how consumers and businesses move money, conduct transactions, or ultimately enhance AML/CFT efforts to keep Americans, and our financial system, safe from harm.

Request a Meeting!

To apply for an appointment please click on “Request a Meeting” below and provide your contact information and a summary of your reasons for requesting a meeting with FinCEN, including a description of your financial services-related innovation and its relationship to the BSA framework and related AML/CFT obligations or ability to enhance the nation's security.  We strongly encourage firms founded, owned, or managed by underserved groups to apply.

Please note that FinCEN may not be able to accept all requests.

 

 

 

As a federal agency, FinCEN may not recommend or endorse the products of any company. Participation in the Innovation Hours Program does not constitute a recommendation, endorsement or other imprimatur by FinCEN. It is a federal offense for anyone to misuse or otherwise misrepresent through the use of an official department or agency seal that FinCEN endorses its products (18 U.S.C. § 506 and 18 U.S.C. § 1017 ). Vendors may not use the Innovation Hours Program to sell products and services to FinCEN or otherwise solicit contract opportunities. Companies may obtain more information regarding contract opportunities with FinCEN at https://www.fincen.gov/contract-opportunities