Allyson Baker will present "FinTech 2.0, The Next Generation: Successes and Failures in Financial Technology Innovation in the Current Decade" at the 2019 ACC Annual Meeting.
The 1990s and 2000s brought groundbreaking innovation in payments, online lending, online banking, and credit monitoring and health. Advancements across all areas of financial services have continued at a rapid pace. This roundtable discussion will review recent developments in financial products and services, and the hurdles and roadblocks that must be maneuvered in order to succeed in the current state and federal regulatory environments. Topics will include the introduction of blockchain technology to traditional financial services, the OCC Fintech bank charter, challenges to the bank partnership lending model, point-of-sale lending structures, third-party access and use of consumers’ bank account data, digital wallets and contactless payments, simplification of the mortgage documentation process, the use of alternative data in underwriting, and more.