Bloomberg Video: Personal Capital CEO Says Banks Need to Change Attitude

in Personal Capital News by

Personal Capital’s founder and chief executive officer, Bill Harris, discusses the future of financial technology and bank oversight. He speaks with Bloomberg’s Cory Johnson on “Bloomberg Technology.”

Some key takeaways include:

  • We need to change the attitude of banks and brokers toward working in the best interest of the client, especially as they are descending upon Washington to try to repeal or delay the Fiduciary Rule
  • These same big banks and brokers are trying to restrict customer access to their own financial data to protect substandard products and high fees
  • The whole world over time is going to have to adapt to the fact that we are in a digital age

  • Read more about Personal Capital and the future of fintech:

    New Financial Tech Charters May Speed Up Industry Acceptance, San Francisco Chronicle
    Personal Capital’s CEO’s Mission to Save Fiduciary Rule, Dodd-Frank, Think Advisor
    Why a Clear Answer to the Data-Sharing Debate Remains Elusive, American Banker

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