A large number of U.S. banks and other institutions suffer from a pre-existing condition: They don’t have a very strong understanding of their own loan portfolios. They need additional risk and loan information – not just to satisfy regulators, but to make sure they can make good decisions when they have to weather the next downturn or take full advantage of the next upswing.
Vinny Lingham, founder and CEO of Civic, discusses the froth in cryptocurrency markets, the mania for "initial coin offerings," the right way to do token sales, the future of digital identity and the banking system's security failings.
Next month, credit bureaus will have to drop information about tax liens and civil judgments from credit scores unless they can independently verify the data. Eva Wolkowitz of the Center for Financial Services Innovation and Sarah Davies of VantageScore discuss.