Are banks heading for a Facebook-style data crisis?
In a survey, bankers conceded they may not be doing enough to avoid the mistakes social media giants made in the use of unverified data. ... Read full article
News Topic: Data acquisition
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CFPB chief freezes data collection; SEC takes first ICO action
Acting director Mulvaney has major concerns about cybersecurity at the agency; the commission says a Canadian company's initial coin offering is a 'scam.' ... Read full article
What type of data is fair in credit models?
Additional data such as college major enhances the ability to provide credit to thin-file consumers. But could it create other issues? ... Read full article
Fintechs’ defense of screen scraping is shortsighted
By design, any practice that requires a customer to simply hand over online bank credentials to a third party is a terrible idea. ... Read full article
Soul searching at big banks as quants clamor for data
Quantitative investors, starved for trading signals that can be spun into gold, are pressuring the finance firms they work with to grant them access to proprietary information. ... Read full article
Who’s fighting for advisers and clients in financial data debate?
Access to banking information ensures advisers can perform holistic planning, fintech firms say. ... Read full article