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In June 2016, the FTC launched a series of forums exploring emerging financialtechnology and its implications for consumers. Changing demographics workshop. Interagency fair lending task force. Fintech forum.
Command center for small business lending. This triggers activity and lending platform. 300 million people with accounts but no scoring for financial products. First product is small business lending using machine learning. Quicken Loans has invested in some cool technology and promoting the heck out of it.
It also serves as a testing ground for new ideas from the Labs via customer feedback, demo bars, and workshops. Participants get a workspace, mentorship, connections to industry leaders and user groups, feedback on products, and weekly workshops and panel discussions. Deutsche Bank — Deutsche Bank Labs. Founded: 2016.
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