Big Tech - All News And Posts By Crowdfund Insider

FTC is Concerned About Big Tech and Payments

December 22, 2021 @ 4:46 pm By JD Alois |

The Federal Trade Commission (FTC) has chimed in on the Consumer Financial Protection Bureau’s (CFPB) inquiry into big tech and payments. In a letter dated December 21, 2021, Lina Khan, Chair of the FTC said that big tech providing financial services “demand close scrutiny.” In… Read More

Canadian Fintech Expertus, Processor of $50B in Transactions Per Day, Acquired by Tech Giant IBM

December 16, 2020 @ 10:45 pm By Omar Faridi |

New York-based tech giant IBM Corp. (NYSE:IBM) has acquired Expertus Technologies Inc., a Canadian Fintech company that assists clients with processing over $50 billion in transactions per day. IBM bought the company so that it could enhance its electronic-payments capabilities. Expertus has now been added… Read More

Bill Scannell from Dell Technologies Explains how Big Tech Firm Is Helping Businesses Shift to Remote Working Environment

October 31, 2020 @ 12:47 pm By Omar Faridi |

Bill Scannell, President, Global Sales & Customer Operations, Dell Technologies (NYSE:DELL), explains how companies across the globe are adjusting to working in the “new normal” environment following the COVID-19 outbreak. He writes in a blog post that Brazil-based retailer Grupo Boticario had to address a… Read More

Apple Card Really Set the Standard for Other Payment Solutions from Tech Giants like Google, Samsung, Fintech Exec Says

September 9, 2020 @ 6:44 pm By Omar Faridi |

Vaduvur Bharghavan, CEO and president of Fintech firm Ondot, a card app platform, has pointed out that the Apple Card was the first to set the expectation for what should be offered by an all-digital payment card. He added that the Apple Card really set… Read More

European Central Bank Warns Against Potential Threat of Dominance of Big Tech in Financial and Cloud Services

August 28, 2020 @ 8:03 am By Omar Faridi |

The European Central Bank (ECB), the reserve bank of the Eurozone, which is a monetary union of 19 EU member states which employ the Euro, has noted that there doesn’t seem to be an EU challenger that’s capable of matching the capabilities of Big Tech… Read More

Bank Collaborations with Tech Giants like Google Represent “Future of Banking,” BBVA Exec Javier Rodriguez Soler Says

August 25, 2020 @ 6:50 am By Omar Faridi |

Javier Rodriguez Soler, the Country Manager / CEO at the BBVA USA (NYSE: BBVA), a Spanish multinational financial services company based in Madrid and Bilbao, Spain with nearly €700 billion in assets, confirms that In early August, BBVA USA revealed it would work with Google … Read More

Japan’s Ruling Liberal Democratic Party Is Reportedly Planning to Make it Easier for Traditional Banks to Expand into Fintech and Other Sectors

June 23, 2020 @ 12:36 am By Omar Faridi |

The Japanese Liberal Democratic Party, the nation’s ruling-party, is reportedly planning to make it easier for local banking institutions to branch out into different sectors, which could help them compete with or even push back against emerging Fintech firms and other tech startups. The party’s… Read More

Traditional Banks Might Lose their Leading Position in Developing National ID Solutions to Big Tech Firms Like Google, Apple, Amazon: Report

February 21, 2020 @ 3:40 pm By Omar Faridi |

Traditional banks may be at risk of losing their leading position when it comes to developing national digital identity solutions. Big tech firms and various other multinational networked companies might be able to offer better digital identity schemes and take the lead, industry association Mobey… Read More