3 Amendments of Anneliese DODDS related to 2016/2243(INI)
Amendment 87 #
Motion for a resolution
Recital L a (new)
Recital L a (new)
La. whereas automation in the financial sector, as in other sectors, may disrupt existing patterns of employment, particularly for the kinds of 'mid-ranking' clerical jobs which previously served as routes into the middle class in many member states; whereas improving and increasing skills training and retraining will need to be at the heart of any European FinTech strategy;
Amendment 258 #
Motion for a resolution
Paragraph 16 a (new)
Paragraph 16 a (new)
16a. Stresses that while Fintech has the possibility to aid efforts to fight money laundering and tax evasion through better data transparency and the large volumes of data collected, there remains a risk that knowledge of the algorithms used in Fintech could be exploited to create loopholes for money launderers and tax evaders;
Amendment 292 #
Motion for a resolution
Paragraph 21 a (new)
Paragraph 21 a (new)
21a. Regulators should ensure that, while preserving the potential for innovation, new FinTech products protect consumers, especially more vulnerable ones; relatedly, data-driven applications must not lead to discriminatory outcomes towards, for example, consumers living in less well-off areas, people with disabilities, etc. Regulators should use the potential greater data transparency available from wider use of Fintech to better monitor the inclusiveness or otherwise of financial products, including their coverage of different geographical areas, genders and racial and ethnic groups;