As the Introduction to Banking on a Revolution, this chapter summarizes recent technological advancements and their applications to banking and finance. Despite the potential for financial technologies, or “fintech,” to expand access to banking and finance, this chapter presents the challenges with fintech that can undermine a financial system revolution. For example, racism in the financial system is so common that it even has its own hashtag: #BankingWhileBlack. Without critical investigation of technological advancements and their potential for disparately impacting Black and Brown communities, fintech may further embed banks’ racialized exploitation, advance forms of financial surveillance, and confer advantages to whites.
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