RBI warns about big tech in financial services

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m.economictimes.com

RBI warns against allowing Big Tech firms into financial services

Entry of Big Tech firms—Apple, Amazon, Google, Facebook and Microsoft—into financial services could present challenges in maintaining adequate stability and governance of the ecosystem, RBI says in its biannual Financial Stability Report.
m.economictimes.com m.economictimes.com

A bit late in the day. Our Banks themselves were collaborating with these companies & everyone seemed to be watching with their eyes shut 😎
 

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