Banks Street Advisory
Dan Quan is Managing Partner of Banks Street Advisory. He is also a Senior Advisor for McKinsey’s Banking Practice and an adjunct scholar at the Cato Institute. A nationally recognized FinTech thought leader, Dan serves as a bridge between Silicon Valley and the Beltway. Dan’s passion and appreciation for disruptive technologies, coupled with his deep understanding of regulatory policies, has made him a trusted advisor to many CEOs of successful FinTech firms. Dan frequently speaks and writes about issues related to FinTech, financial regulations, and financial inclusion.
More recently, Dan was Senior Advisor to the Director at the Consumer Financial Protection Bureau (CFPB) and led its FinTech office, Project Catalyst. The first of its kind in the world, Project Catalyst has inspired regulatory agencies across the globe to set up dedicated innovation hubs to promote financial innovation.
At the CFPB, Dan focused his work on identifying and promoting innovative technologies and business models that can help solve the most complex issues in consumer finance. He aggressively and successfully pushed policies that enabled a thriving FinTech environment, including consumer-permissioned data access/open banking and the use of AI and alternative data in credit underwriting. Sensing the urgent need to further foster FinTech growth in the U.S., Dan conceived and developed the first regulatory sandbox at the federal level.
Over the years, Dan has built strong relationships with regulators in the U.S. and around the world. Under his leadership, the CFPB joined the Global Financial Innovation Network (GFIN), an organization that aims to foster regulatory cooperation and innovation.
Before joining the CFPB, Dan was a research associate at Harvard Business School (HBS). He worked for Professor Peter Tufano, currently Dean-University of Oxford Saïd Business School. Dan was a key contributor to two influential HBS research projects on the U.S. competitiveness led by Professor Michael Porter: Prosperity At Risk (2012) and Competitiveness At A Crossroads (2013). Prior to that, Dan was a consultant at Willis Towers Watson.
Dan is a Chartered Financial Analyst (CFA) charterholder.Back to Speakers