Open banking allows the free movement of financial data by letting banks, financial institutions, and fintech businesses access your data with your consent. Although forecasts were high, the number of people actually using open banking falls short. Why? Open banking platform Nordigen CEO Roland Mesters finds that people simply don’t know much about it yet; not only do users worry that it might lead to identity theft, but a large part of the population is also completely unaware of its existence. Read full article here
Societal Issues
To curb drug deaths, communities turn to Reddit, texts and wastewater
With drug overdose deaths on the rise, authorities are attempting to curb the epidemic by tracking and sharing information in real time. In one unique effort, a nonprofit in New York City is using drug-testing equipment and stamping or marking habits of dealers to identify drug batches that may endanger users. Other approaches are also being used, such as monitoring drug-related chatter on Reddit and analyzing local wastewater for opioid and other drug levels. With the combination of these efforts, researchers hope to put a dent in the opioid crisis and reduce overdose deaths. Read full article here
Merv
June 1, 2023
