State and national banks operate under two separate regulatory structures. Dual banking allows state and national banks to co-exist within the same system. Economists and industry experts agree that dual banking creates a secure and dynamic system. However, this co-existence is not without its challenges.

UCFS conducts research to better understand the challenges of state-chartered banking, to explore the role innovation can play in providing financial services to under-served communities and to develop policy recommendations to improve the use of technology in the delivery of financial services. We support research – conducted by faculty at universities nationwide, in partnership with industry associations, and done in conjunction with state regulatory bodies and state banking supervisors.

UCFS was founded by the Lassonde Entrepreneur Institute and the David Eccles School of Business at the University of Utah to develop targeted curriculum, provide projects for practical application, and offer networking opportunities with industry leaders for both future industry workers and those currently in the workforce.