bigtech

News and Notes, News and Notes – Fintech

Bank for International Settlements, bigtech, credit, data analysis, fintech, machine learning, Mercado Libre

In a BIS working paper, researchers from the Financial Stability Board, Bank for International Settlements, Graduate Institute (Geneva) and Argentina’s bigtech firm Mercado Libre consider the drivers and implications of…

FSB chair Quarles on bigtech and fintech supervisory challenges

March 29, 2019

bigtech, fintech, fintech regulation, FSB, Quarles

Excerpts from speech by Randal Quarles, vice chair for Supervision, Board of Governors of the Federal Reserve System, and chair Financial Stability Board, at Joint Conference of the European Central…

How custodians are evolving client-facing tech: Citi (Premium)

March 21, 2019

Big Data, Custodians, Technology

Big Data, bigtech, Citi, fintech, topstory

As part of a series on how custodians are evolving client-facing technology, we spoke with major players about the way in-house development and innovation are being incorporated to better provide…

UK digital competition review calls for new watchdog with enforcement power

March 13, 2019

bigtech, competition, fountech.ai, UK

The UK’s Digital Competition Expert Panel was established in September 2018. The panel was asked to consider the potential opportunities and challenges the emerging digital economy may pose for competition…

US senator Warren wants to break up bigtech

March 11, 2019

bigtech, Elizabeth Warren, US Senate

The rise of Facebook, Google, and Amazon to become the most valuable and well-known companies in the world, while inspiring, is also a story that highlights why the government must…

UK parliamentary committee wants digital authority for bigtech oversight

March 9, 2019

bigtech, Regulations, UK parliament committee

The House of Lords Communications Committee called for a new, overarching regulatory framework so that the services in the digital world are held accountable to an enforceable set of shared…

Regulators fire warning shot at bigtech, fintech out of crosshairs for now

February 18, 2019

Artificial Intelligence, Technology

bigtech, cloud technology, FSB

A recent Financial Stability Board report highlighted the challenges to the financial markets of new market actors we often refer to as bigtech, defined by the global financial watchdog as…

UK announces Autumn budget with a bigtech tax

October 30, 2018

bigtech, UK Autumn budget

The UK finance minister (Chancellor of the Exchequer) Philip Hammond presented the Autumn budget to Parliament on Monday 29 October 2018. Industry commentary relevant to fintech included giveaways for the…

Deep learning in finance is changing geography and systemic risk (Premium)

October 3, 2018

Artificial Intelligence, Technology

artificial intelligence, bigtech, California, Canada, China, London, New York, Stanford University

As the latest rounds get fought between New York and London for the coveted prize of world’s top financial center, some questions are being raised whether new technologies are changing…

WSJ: Facebook wants banks to hand over customers’ financial details

September 29, 2018

Amazon, bigtech, data management, Facebook, Google

Facebook has asked large US banks to share detailed financial information about their customers, including card transactions and checking account balances, as part of an effort to offer new services…

Retail banks pressured by fintech and bigtech amid customer dissatisfaction

September 26, 2018

bank competition, bigtech, Capgemini, Efma, fintech, retail