Commentary: Utah positions itself as a financial tech leader

Utah has joined an elite club making financial services more innovative, competitive and responsive to people’s changing needs.House Bill 378, sponsored by Rep. Marc Roberts, R-Santaquin, and signed by Gov. Gary Herbert in March, made Utah the third state to establish a “regulatory sandbox” for next-generation financial products.Services like Venmo, the popular cashless transfer app, are changing things for the better, but some can’t get past regulations designed for anot