Either regulate Big Tech's entry into finance now, or regret it later

Either regulate Big Tech's entry into finance now, or regret it laterCredit: American Banker

American Banker

10 months ago

Like it or not, Big tech is going to become a player in financial services. It would be better to write rules now than to wait for a crisis.

Trained AI Editor

According to a recent report, Big Tech's foray into financial services and banking could have unforeseen consequences if not properly regulated. The report warns that "governments and regulators must act now to ensure that Big Tech's entry into finance is managed in a way that protects consumers and maintains a level playing field for all firms operating in the industry."

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