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Biden administration seen aiding digital identities, closing fintech loopholes

Washington, December 1, 2020
President-elect will take office during a rapidly evolving fintech landscape that will see AI advancements in finance
From Roll Call: 

"Establishing a road map for creating a secure digital identity, which could modernize public services such as health care, government assistance and licensing, is a top priority next term and has already earned bipartisan support, Foster said. A bill on digital identity that Foster introduced this year was co-sponsored by Republican Reps. John Katko of New York and Barry Loudermilk of Georgia, as well as Rep. Jim Langevin, a Democrat from Rhode Island.

Arkansas Rep. French Hill, a Republican on House Financial Services, said the two parties could likely compromise on a data privacy and ownership framework in the next term. Hill serves on the committee’s Task Force on Financial Technology." READ MORE