Fintech – a catch-all term used to describe emerging technology that seeks to advance and automate financial services – is changing the banking game, making it easier than ever before to access financial services on the go. From viewing your account balance to transferring funds, banking has never been more convenient – and – more complex. With the rise of this technology and its potential societal and regulatory impacts, we spoke with policymakers across the country to learn their thoughts on the changing industry.
With the growing enthusiasm policy leaders have about the rise of fintech, Democratic and Republican leaders raise data privacy concerns about how fintech could make it more difficult to safeguard sensitive consumer information. Want to learn more? Read the full report to find out about policymakers’ perspectives on the digitization of the financial services industry.
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