House Committee Creates New Fintech and AI Task Forces

This week the chairwoman of the House Financial Services Committee, Maxine Waters, announced the creation of a Task Force on Financial Technology and a Task Force on Artificial Intelligence; the Task Force on Fintech will examine existing domestic and international fintech regulation, using alternative data in underwriting, the regulatory framework for efficient payments, big data and data privacy; the Task Force on AI will examine the application of machine learning in financial services, algorithms and big data, digital identification technologies and combatting fraud as well as the impact of automation on jobs in financial services and the overall economy. Source.

  • Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!