TREND. Fintech. Data Security. New Study. 3 Keys to Government Oversight.

Federal Agency Regulatory Oversight option(s):

•  FTC
•  Consumer Financial Protection Bureau
•  Office of the Comptroller of the Currency

4 identified data security areas in fintech:

• marketplace lenders
•  mobile payments
•  digital wealth platforms
• distributed ledger technology

Balance data security protections with the 3 benefits of fintech:

• lower costs
•  faster service
• expanded access to credit

The Recorder | GAO’s Fintech Report Highlights Data Security, Lack of Clarity on Regulatory Oversight