House Hearing Puts Bank-FinTech Oversight in the Spotlight

Financial infrastructure rarely becomes visible until it breaks. At Wednesday’s (May 20) House Financial Services Committee hearing on bank-FinTech partnerships, lawmakers, banking and FinTech executives explored a question that has become increasingly urgent as financial services move into API connections, as embedded banking models and artificial intelligence-driven operations become ever-more-commonplace: How do banks modernize without losing control of the responsibilities that come with bei