Banks using artificial intelligence (AI) to approve loan applications have been warned by U.K. financial regulators that they can only deploy that technology if they can show it won’t be discriminatory towards minorities, the Financial Times reported Sunday (Feb. 13). Get the Full Story Complete...
Sarah Bloom Raskin, a Biden nominee for the Fed’s top banking position, has the co-founder of Reserve Trust defending her over charges that she’s had conflicts of interest between government and private jobs in the past, Bloomberg reported Friday (Feb. 11). Get the Full Story...
France’s privacy overseer has told Alphabet Inc., Google’s parent company, that an unnamed website cannot use Google Analytics because it transfers personal information to the United States in breach of the European Union’s privacy law, the agency announced Thursday (Feb 10). Get the Full Story...
Federal prosecutors on Friday (Feb. 11) dropped criminal charges against Citigroup, Deutsche Bank and four senior bankers related to a “significant cartel case” by the Australian Competition & Consumer Commission (ACCC), ending a case that dates back to August 2015, The Financial Times reported. Get...
The rise of digital technologies has improved the world in untold ways. But there has been at least one casualty: privacy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...
Google is asking a judge to reverse the fine it received last year from South Korea’s competition regulator after the tech giant tried to force the country’s phone makers to use its Android operating system, according to a report from Yonhap, a Korean news agency....
Media regulators in the European Union (EU) are considering rules designed to end misinformation on Spotify, according to a report in Politico Thursday (Feb. 10). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
In “Competition, Defaults, and Antitrust Remedies in Digital Search,” Francesco Decarolis and Muxin Li of Bocconi University explain how to enhance competition in digital markets by analyzing the recent changes to default search apps on Android devices as a result of the European Commission decision...
Sarah Bloom Raskin, President Biden’s pick for Federal Reserve bank supervisor, is in hot water over her revolving door roles between the government and private sector. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
