FinTech in Focus
Welcome to FinTech in Focus, a compilation of must-read stories about the role technology plays in the delivery of financial products and services. As part of the Center for Financial Markets FinTech program, FinTech in Focus offers a sampling of the week’s top domestic and international headlines and stories about this innovative, fast-growing sector.
As we continue to build-out the service and grow our readership, we will begin to release the weekly headlines over e-mail. Subscribe to FinTech in Focus to receive these updates in your inbox.
SHOT: TCH — Ensuring Consistent Consumer Data Security; CHASER: ETA — Innovate, Don’t Regulate
A battle is brewing battle over the regulation of alternative payment providers. An explanation of both sides of this debate can be found on the Milken Institute's Currency of Ideas blog.
Your Credit Score: Determined by Social Media
What is the potential for “digital redlining” under Facebook technology? Other companies are going beyond your network to derive a credit score based on how active you are on social media.
Impact from Madden vs. Midland Funding Decision Already Being Felt?
Wall Street is beginning to reassess its role in marketplace lending due to uncertainty stemming from the recent court decision. The Milken Institute blog, Currency of Ideas, weighs in on the need to update outdated lending laws in the U.S.
53 Commonwealth States Urged to Explore Benefits and to Regulate Bitcoin & Blockchain Technology
The recently formed Commonwealth Virtual Currencies Group released recommendations following a three-day conference in London. Australia, Barbados, Kenya, Nigeria, Singapore and Tonga, along with representation from the IMF and the World Bank, make up the working group.
Appeals Court Affirms FTC Authority Over Corporate Data-Security Practices
Third Circuit Court of Appeals ruled that federal consumer protection agencies, such as the Federal Trade Commission, can sue companies that fail to adequately secure customers’ online data. The ruling came just days before a report found fewer than 5 percent of Millennials feel confident that their online data is completely protected, even as companies become more data dependent.
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