Saturday, April 20, 2024

EU raids banks over attempts to block financial tech rivals

Share

Youd think that governments were waging a war against financial technology given reports of crackdowns and tighter regulation, but the opposite is true in Europe. EU officials have confirmed that they recently raided the offices of bank authorities in multiple countries, including the Netherlands and Poland, to investigate antitrust concerns that banks are stifling tech-driven newcomers. The banking establishment is allegedly preventing fintech companies from accessing account in……
Read more

Read more

More News