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Democratizing Finance through Big Data

10/9/2020, 8:30 AM - 9:30 AM
The issue of democratizing finance has recently popped up in response to the growing availability and use of big data in the provision of financial services. These developments have also been accompanied by regulatory changes that define and standardize ways of sharing data between market participants. Finally, the rise of fintech companies and solutions has been an important impetus to this trend. Democratizing finance, broadly speaking, means to offer access to financial services, products, and innovations to a larger group of individuals and firms, most importantly including those that traditionally have been excluded from those markets.

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