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.