This chapter explores how the rise of digital technologies enables new manifestations of racialization in financial services, using Google Fiber’s promises of low-cost high-speed Internet services in Nashville and Kansas City as examples. Akin to redlining in the lending market, Black and Brown communities may experience digital forms of redlining due to limited access to technologies such as high-speed Internet and smartphones that exist alongside the rising number of bank branch closures. At the nexus of financial and digital divides, banks’ overreliance on fintech can reproduce and amplify marginalization. Not only can fintech concentrate wealth, the computer algorithms on which fintech is built can further stitch whiteness into the financial system.
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.