Thirty-three companies have been named to the Conference of State Bank Supervisors' (CSBS) financial technologies industry advisory panel—ranging from small startups to well-known companies.

The panel will include some familiar names like Amazon Payments Inc., Microsoft Payments and PayPal, alongside startups like Social Finance Inc. (SoFi), CommonBond and Affirm (the full list appears below).

Each fintech is in the process of selecting a representative from within its company to serve on the panel, many of whom could likely be senior attorneys or compliance professionals, said Margaret Liu, senior vice president and deputy general counsel of the CSBS.

“We and our members spend a lot of time thinking about bringing efficiency to non-bank licensing and multi-state supervision,” Liu said. “The states can sit around and talk to each other about it all day, but getting this industry input directly is crucial for success.”

The state banking regulators asked fintechs to submit statements of interest this summer and have been reviewing them since that time. The effort is part of its Vision 2020 initiative, which was announced in May, to “modernize regulation of state banks, including financial technology firms.”

Among the goals for Vision 2020 are to redesign the nationwide multistate licensing system; harmonize multistate supervision, assist state banking departments; make it easier for banks to provide services to nonbanks; make supervision more efficient for third parties; and form an industry advisory panel to “identify points of friction in licensing and multistate regulation and provide feedback to state efforts to modernize regulatory regimes.”

CSBS president and chief executive John Ryan said that the updates are a way to continue innovation within the state banking system while preserving the authority on the state level. In terms of how far the states can realistically go without creating one set of uniform regulations, Ryan said, “I think there's a significant distance we can go.”

He noted that regulation “won't necessarily be exactly the same in all 50 states, although the 50 states have a lot of the same fundamental goals in the regulation we're trying to achieve,” adding that the changes will hopefully “be enough it won't create issues, at least in certain areas.”

The advisory panel, which will hold its first meeting in late October or early November, will be split into three working groups, or “buckets” as Liu referred to them: money transmission and payments; lending; and community banking and “innovation,” which will include third-party providers for banks.

“We want to come up with actionable items for modernizing state regulations,” Liu said. “We want to get beyond the high level observations.”

The fintech companies will meet through both in-person meetings and teleconferencing. The frequency of meetings has yet to be decided, according to Liu.

Circle Internet Financial, a peer-to-peer payments startup based in Boston, has chosen its general counsel and chief compliance officer John Beccia as its representative for the panel.

“We believe that all regulators should be coordinating to develop a uniform framework that fosters innovation,” Beccia said in an email. “We look forward to collaborating with state regulators and other stakeholders through the fintech advisory panel to enhance state licensing and supervision practices in a way that allows fintech firms to develop new technologies in a responsible fashion and deliver these exciting new financial products to consumers.”

The full panel of members include: Actimize Inc., AFEX, Affirm Inc., Alipay US, Amazon Payments Inc., Avant, BitPay Inc., Circle Internet Financial Inc., Citizens Bank of Edmond, CommonBond, Enova International's NetCredit and CashNet USA, Envestnet | Yodlee, First Data Corp., Funding Circle USA Inc., Green Dot Corp., IOU Financial, Intuit, Kabbage, LendingClub, LendingHome, LendUp Inc., LibertyX, Microsoft Payments, OnDeck Capital, OneMain Financial, Oportun Inc., PayPal, Remitly Inc., Ripple, Seed, Servicio UniTeller Inc., Social Finance Inc. and Western Union.