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The former FCA manager said banking technology could lead to discrimination


Advances in banking technology put vulnerable customers at risk, according to a former city regulator, as reported The guard.

The FCA raised concerns that certain customers were being racially profiled by insurers who bought additional data to set their prices.

Mick McAteer, a former board member of the Financial Conduct Authority (FCA), told the release that lenders and insurers will gain access to tools to …



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