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FCA seeks views on 'big tech' impact

News Team, 25/10/2022

The Financial Conduct Authority (FCA) is seeking views on the potential competition benefits and harms from "big tech" firms entry into the financial services sector.

Big tech firms include Google, Amazon, Apple, Meta, and Microsoft.

The presence of big tech firms in the UK financial services markets has been increasing and is expected to expand further and change markets quickly, the FCA said.

To begin the discussion, the FCA published analysis focusing on the potential ...


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