Technological change has led to increased, but segmented, information collection. Tech platforms record the information about trading histories required for making of uncollateralized loans, whereas banks specialize in making the assessment of collateral quality required for collateralized lending. Current regulation hinders tech platforms from offering financial services while strategic behavior between tech platforms and banks impedes cooperation on information sharing and contract enforcement. We study how the government should design - and how lobbying efforts impact - information portability, which ultimately affects financial market segmentation and financial inclusion.