Blockchain key to rethinking identity, avoiding next Equifax
The best solution to the current broken identity system is to flip the authentication process from third parties to the users themselves. ... Read full article
News Topic: Data transparency
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Is AI a threat to fair lending?
It’s highly debatable whether the artificial intelligence engines that online lenders typically use, and that banks are just starting to deploy, are capable of making credit decisions without inadvertent prejudices. ... Read full article
JPMorgan Chase and Finicity ink data-sharing agreement
The companies will use an application programming interface to let Chase customers send the data to the apps Finicity supports, including personal financial services apps and income verification tools. ... Read full article
Don’t underestimate fintech’s value to older Americans
One might assume, wrongly, that the successful fintech entrepreneurs are millennials who are only creating lifestyle apps for their age bracket. ... Read full article
‘Doesn’t Congress have more important things?’: Comments of the week
Readers sound off an attempt to block prepaid regulations, threats to consumer privacy, FSOC’s political bent, the proper use for SARs, and more. ... Read full article
Congress killed consumer data privacy. Industry should revive it
With the reversal of Obama-era rules requiring user consent for data collection, it is more important than ever for U.S. banks and fintechs to demonstrate a robust and consistent approach to data privacy. ... Read full article