Financial Services Innovation: The Intersection of Financial Health and Medical Health
MIT Professor Andrew Lo provided stimulus for innovative thinking about finance in some of the earliest innovation leadership programs we were involved with. His proposal for a cancer mega-fund which we first heard in 2011 is coming closer and closer to reality with the announcement of the Cancer Moonshot. At a recent data conference that brought together leaders from finance, venture capital, and government at the Federal Reserve Bank of Boston, he continued his push for cross-industry innovation. During his talk, Professor Lo asked “what if fintech apps…asked each of their customers if they could get access to their medical data?” Could that data then be used to accelerate validation of new treatments for intractable diseases? It’s a question fraught with data privacy concerns but it’s also a starting point for innovative ways of looking at the intersection of financial health and medical health.
Read more about Professor Andrew Lo’s talk | Learn more about Mohr Collaborative programs