Business

Regulators frown as crypto players move into banking

With offers of loans and interest-earning accounts, more new cryptocurrency firms are straying into the world of traditional banks, to the consternation of US financial regulators.

Business

China summons internet firms to warn over unfair competition

Financial regulators in China summoned 13 internet companies on Thursday to call for changes to their fintech operations, the central bank said in a notice, as Beijing ramps up scrutiny on monopolistic practices in the country's ...

Business

Chinese regulator orders Ant Group to conduct major overhaul

Chinese regulators have ordered Ant Group, a financial affiliate of e-commerce giant Alibaba Group Holding, to become a financial holding company to ease financial oversight amid stepped up scrutiny of technology firms.

Business

COVID-19 hastens fintech adoption while industry seeks guidance

Unique circumstances created by the COVID-19 pandemic forced more Americans to get comfortable with financial technology, while leaving the industry wondering whether regulators will devise a reliable legal framework to support ...

Business

Google plans to offer checking accounts

Google plans to add checking accounts from Citigroup and a credit union to its Google Pay digital wallet in 2020, the tech company said Wednesday.

Security

Health websites in UK share data with advertisers: FT

Health websites accessed from within Britain are without permission sharing users' sensitive information with online giants, including Google, Amazon and Facebook, the Financial Times reported Wednesday following an investigation.

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