UK regulator warns over #BigTech's growing interest in finance #fintech #finserv cc @SpirosMargaris @Clagett @stessacohen @virginieoshea https://www.ft.com/... via @FinancialTimes @tim https://twitter.com/...
UK regulator warns over Big Tech's growing interest in finance https://www.ft.com/... -> “The FCA also suggested that tech companies ought to share their prized customer data with traditional providers” What you've been waiting for right? @dgwbirch #fintech
This is a big one - the FCA looking into whether Big Tech is unduly leveraging its power in entering payments, deposit taking, consumer credit and insurance. Language is balanced for now, but these things rarely conclude that there's nothing to be done. https://www.fca.org.uk/...