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Fintech wrap: Big Tech competition concerns, Swift AI pilot, NYDFS guidance

Montage of a wooden mannequin holding a US $100 dollar bill.
GRIP Montage: Getty Images

Carmen Cracknell

2 min read
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Our pick of the week’s fintech stories.

In April, the FCA issued FS24/1 on the potential competition impacts from the data asymmetry between big tech firms and firms in financial services.

The regulator said it would continue monitoring big tech firms’ activities in financial services to assess whether policy changes are needed and working with regulatory partners.

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