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Oregon's Innovation Hub

The Oregon Division of Financial Regulation is here to help insurance, financial, and technology companies bring innovative products, services, and tools to Oregonians.

Insurance, financial, and technology companies are encouraged to connect with our Innovation Liaison to identify how new innovations can flourish within the state’s regulatory guidelines.

If you have an idea for insurance or financial services innovation please fill out the contact form on this page to contact us.

Sign up to receive email notices on Innovation Hub updates and events.

The Innovation Liaison brings together stakeholders, experts, and thought leaders to improve the state’s ability to regulate insurance and financial products in a way that allows innovation to flourish in Oregon. The liaison:

  • Reviews innovation and regulatory requirements to balance risks with benefits, and understand how new innovations can be applied.
  • Connects fintech and insuretech firms – companies that leverage technology to create new business models, delivery channels, and automated decisions for financial services and insurance companies – to the division.
  • Encourages collaboration between businesses, innovators, licensees, and consumers.
  • Identifies areas where the legal framework needs to be modernized to keep up with changes in technology.

This helps the division develop and maintain a regulatory structure that can adapt to innovation both now and in the future.​

Oregon encourages responsible testing of new business models, delivery channels, automated decisions, and partnerships. The regulatory sandbox:

  • Allows businesses to test products, services, and tools within a well-defined space for a limited duration.
  • Includes safeguards to minimize the results of failure and maintain the safety and soundness of Oregon’s financial system.
  • Provides support through collaborative regulatory requirements, approved by the division.

Sandbox guidelines detail the objective and principles, and provide guidance to the business entity about the application process. Once the trial period is complete, the business will be required to comply with all relevant regulatory requirements.

If you have questions about Oregon’s innovation hub or sandbox, contact the Innovation Liaison by filling out the form on this page.​​​

Events

The Oregon Division of Financial Regulation (DFR) hosted an Innovation Hub on Oct. 28, 2024, via Zoom. The theme was “Can innovative technologies make green finance better?"

The event included two panel discussions: Artificial Intelligence and Green Finance, and Blockchain and Green Finance. After the two panel discussions, DFR Administrator TK Keen hosted an executive chat with Washington State Department of Financial Institutions Director Charlie Clark. Their discussion centered on regulating the use of innovative technologies in green finance.

Past events

DFR Innovation Fireside:
Bias and artificial intelligence
Jan. 11, 2021

Watch event recording

View the speakers

The Future of ...
Finance | Insurance |  Collaboration
June 7, 2019
Salem Convention Center

Watch event recording

View the agenda | View the speakers


Contact the Innovation Liaison

Contact the Innovation Liaison for more information about Oregon's Innovation Hub.


News

3/18/2022
Crypto Executive Order Seeks To Develop a Federal Regulatory Framework for Digital Assets (Source: National Law Review, March 18, 2022, Volume XII, Number 77; Authors: Kames Williams, Gus N Paras)

3/18/2022
SEC to Propose Rules Concerning Mandatory Climate Change Disclosures on March 21 (Source: National Law Review, March 18, 2022, Volume XII, Number 77; Author: Jacob H. Hupart)

1/4/2022
Companies Face Pressure to Justify the Sustainability Label (Source: National Law Review, January 4, 2022, Volume XII, Number 4, Authored by: Cadwalader, Wickersham & Taft LLP)

7/2/2021
Why big central banks are becoming climate warriors: QuickTake (Source: Bloomberg News, July 2, 2021, By: Katia Dmitrieva and Jana Randow)

4/2/2021
Algorithmic Redlining Is Real. Why Not Algorithmic Greenlining? (Source: Governing April 2, 2021, By: Vinhcent Le, The Greenlining Institute)

10/14/2020
COVID Accelerates FinTech Adoption for Users and Companies (Source: Governing October 8, 2020, By: Keith Lewis)

7/27/2020
Banks Won’t Rush to Hold Crypto – But OCC’s Regulatory Approval Makes It Harder to Ignore (Source: Coin Desk, Jul 24, 2020 at 14:00 UTC Updated Jul 25, 2020 at 16:25 UTC By: Nikhilesh De, Ian Allison)

7/14/2020
FATF Report to the G20 on Stablecoins (Source: K&L Gates Fintech Law Watch. By: Giovanni Campi)

6/19/2020
The OCC’s ANPR On Digital Banking: Is This A Harbinger For Digital And Open Banking In The Us? (Source: Forbes. Judie Rinearson, John ReVeal and Stan Ragalevsky)

12/28/2019
Some Economists Really Do Get It (Source: Forbes. Caitlin Long, Senior Contributor.)

12/04/2019
Flip-Phone Congress Left Behind as Tech Charges Forward (Source: Governing Newsletter. Jason Grumet and Garrett Johnson, CQ-Roll Call)

02/05/2019
Oregon’s Innovation Hub is here to help insurance and financial services businesses