House Committee Creates New Fintech and AI Task Forces

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

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media 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.