New Report Highlights Risks of Fintech

A new report by analyst Karen Shaw Petrou argues that fintech firms pose just as many risks as they do solutions; she says if these firms are not properly regulated they can form bias, threats to data privacy, security violations, misleading marketing and even systemic risk; she says the lessons of the past should lead to better regulation so consumers are protected before a crisis occurs; “I am all for technology,” Petrou said to American Banker. “But I spent a lot of time when I was a student at MIT studying tech policy, and there is one after another example of seemingly promising technologies with terrible, unintended consequences.”; she believes the solution starts with Congress, instead of monitoring situations they need to be more proactive to ensure consumers are protected. Source.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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