IDG Contributor Network: Feds struggle with regulating banking’s use of big data

By Evan Schuman

When it comes to fintech, banking and payments, big data comes with some powerful pros and cons. The big advantage is that big data can make banking services useful and viable to a huge slice of the population that can’t access it today. The greatest drawback is that, in doing so, it will make ultrasensitive personal financial information far more distributed, and therefore easier to steal.

That sets up a policy struggle for federal and …read more

Source:: IT Management