Innovation Contact–Financial Technology (Fintech) - Financial Regulation
Last reviewed/updated: August 14, 2025
The Office of Financial Regulation (OFR) has established strategic initiatives to create a regulatory environment that encourages responsible innovation. Effective communication is essential for understanding the current and emerging financial technology products and services available to consumers. To support these efforts, OFR has designated an “Innovation Contact” within the Agency to promote innovation in the financial services sector and enhance collaboration between OFR, entrepreneurs, and fintech companies.
The Innovation Contact can assist entrepreneurs, fintech officials, and new fintech companies in navigating the licensing process, and reviewing business plans. The Innovation Contact can also provide information about doing business in Maryland and answer questions about Maryland’s financial laws, rules, and regulations, as they might affect financial products in areas such as money transmission, virtual currencies, payments and lending.
Innovation Contact Information:
Shereefat Balogun
Assistant Commissioner of Financial Innovation
Office of Financial Regulation
100 S. Charles Street, Tower I, Suite 5300
Baltimore, MD 21201
shereefat.balogun@maryland.gov
Engage With Us
If you are interested in meeting with OFR to introduce your company, product, or service, and to discuss the licensing process and requirements applicable to your business, please complete and submit the interest form below. Meetings may be held virtually or in-person.