Congress Vs. Big Tech: The Next Round
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It seems the only thing Congress can agree on is its dislike of big tech.
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Fintech News Stories
FIS Launches New Banking Platform to Improve Customer Experience
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FIS Modern Banking Platform is a big step away from legacy acquisitions and piecemeal add-ons that have so often frustrated bankers who deal with the Big Three core banking providers in the U.S. Bruce Lowthers, President, Banking Solutions, talks with us about the fast pace of change in banking and the challenges for tech providers.
Read MoreGoing Further Down the Data Privacy Trail
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In a recent panel talk at Davos (where else?), Salesforce’s co-CEO Keith Block advocated for a national data privacy law in the U.S.
Read MoreData Portability . . . for Selfies and Photos of Your Dog
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We’ve already seen laws enacted to give people more control over their financial data and how it can be shared between entities. Now Facebook has announced a “regulator-friendly” feature wherein users can transfer data to other platforms.
Read MoreApple Card Battles Bias Blasts
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These days, “big tech” is held in about as much esteem by the general public as lawyers, members of Congress, and the colleague who empties the coffee but doesn’t make a new pot. But one name that seemed to stay above the fray was Apple.
Read MoreA Major Shift for Libra
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One of the major benefits of cryptocurrency, many of its proponents say, is that it is not linked to any fiat currency or controlled by any central bank. Facebook’s Libra was meant to function in much the same spirit, but the proposed cryptocurrency is walking back a bit on some of its original intent.
Read More4 Essential Trends in Money for Your Business
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Whether you are a marketer in shining armor conquering new territory, a financial wizard casting spells upon the balance sheet, or the queen or king guiding the whole enterprise, there are four trends about money and finance that you should keep in mind for your business.
Read MoreWhat’s Next for Libra?
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Facebook’s proposed new digital cryptocurrency, Libra, made quite a splash when it was first announced earlier this year. But now it seems to be falling apart at the seams.
Read MoreReal-Time Payments Are Going Global. Will Profits Follow?
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One of the announcements out of Sibos in London this week is a report on payments. Real-time payments are quickly becoming the norm around the world, with the most activity in the Asia-Pacific region.
Read MoreTech to Control Your Mind
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The idea of Facebook-owned technology controlling your mind probably won’t appeal to many people. Let’s see how this one develops.
Read MoreToo Little, Too Late?
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Perhaps no social media company has come under more scrutiny for lack of oversight as to the content users post than Facebook, which this week announced the suspension of “tens of thousands” of apps connected to the Cambridge Analytica scandal.
Read MoreMicrosoft Takes Aim at the Ubiquitous Amazon Marketplace
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Amazon is generally thought of as an unstoppable behemoth. But that hasn’t discouraged competitors — specifically Microsoft, which this week announced a new service that will let brands create detailed personalized product web pages with room for customer ratings and reviews.
Read MoreMr. Zuckerberg Goes to Basel
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Facebook’s proposed digital currency Libra caused quite a stir — most of it negative — when it was first announced earlier this year. It’s clear that regulators and central banks have a keen interest in what Libra is, or may become, which is why Facebook honcho Mark Zuckerberg was in Basel, Switzerland earlier this week.
Read MoreMore Tax Trouble for Big Tech?
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Big tech seems to be having some tax woes lately, from the efforts of EU antitrust authorities to recover what they say are tens of billion in back taxes to the new “digital tax” imposed by France and a court case that could impact multinationals.
Read MoreCould Big Tech Really Be ‘Broken Up’?
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“Break up big tech!” has been the cry in recent times, as privacy and data-use concerns — among others — have caused both the public at large and politicians to cast a skeptical eye toward the major tech firms. (Bankers are surely relieved at this current reprieve from being Public Enemy Number 1.)
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