Atlanta Fed raises flags about fintech’s impact on financial inclusion

Atlanta Fed raises flags about fintech’s impact on financial inclusion

The Federal Reserve Bank of Atlanta has created a cross-industry group to bridge the gaps created between financial innovations and the underbanked. Called the Special Committee on Payments Inclusion, it will consider the unintended negative impact of smartphone-driven services like digital wallets, mobile payments and P2P apps. The committee will be active for two years.