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The European Central Bank has warned that Europe's failure to produce big tech companies of its own to compete with American ones could leave the EU exposed and reliant on foreign providers as big tech moves into the FinTech sector.
Big tech firms already control what people watch, buy and find online. Now, some of them are trying the waters of FinTech.
Quantitative investment firm for digital assets Cambrian Asset Management has bagged $4.2m in its oversubscribed seed round.
Deutsche Bank and Google Cloud have joined forces by forming a strategic partnership that aims to redefine how the bank develops and offers its financial services.
While the growing number of money laundering scandals have confirmed the need to protect businesses against fraud, many analysts simply rely on Google.
Lawyers have filed a class-action lawsuit against Clearview AI for scraping public pictures to create its facial recognition software.
Three of the biggest tech companies in the US have sent cease-and-desist letters to Clearview AI after the Australian startup scraped their platforms for pictures for its facial recognition software.
Sundar Pichai, CEO of Google and Alphabet, believes artificial intelligence (AI) must be regulated to avoid bad outcomes.
Big tech has pushed into the FinTech space for some time. So what will Google’s new initiative mean for the industry?
Uber has taken another step into FinTech scene. As other big tech firms are also viewing the opportunities of the sector, the industry might change considerably.