big technology News

Amazon Enters India Wealth Management with Investment in Smallcase Technologies

Amazon.com Inc. has made its maiden investment in India’s wealth management sector, participating in a $40 million round by fintech startup Smallcase Technologies Pvt. The Bangalore-headquartered startup said the round was led by Faering Capital Pvt and also joined by …

Global Regulators Warned About Entry of ‘Big Tech’ Firms into Financial Services

Central banks and financial regulators urgently need to get to grips with the growing influence of “Big Tech,” according to top officials from central bank umbrella group the Bank for International Settlements (BIS). Global watchdogs are increasingly wary that the …

Tech Giants’ Move into Indian Financial Services Poses Stability Risk: Central Bank

India’s central bank warned about the growing presence of technology giants in the country’s digital financial services and payment systems which could pose a financial stability risk. In its semi-annual financial stability report, the Reserve Bank of India flagged concerns …

Big Tech Lobby Seeks EU Liability Cover to Tackle Hate Speech, Illegal Content

Big technology platforms are calling on the European Union to protect them from legal liabilities for removing hate speech and illegal content as government scrutiny over how platforms manage user posts grows worldwide. A safeguard protecting companies that actively manage …

House Antitrust Panel Blasts Big 4 Internet Firms for Abuses; Seeks Reforms, Separations

A U.S. House of Representatives panel looking into abuses of market power by four big technology companies found they used “killer acquisitions” to smite rivals, charged exorbitant fees and forced small businesses into “oppressive” contracts in the name of profit. …