Tag "Finance"

BIS Raises Concern Over Digital Monopolies by Bigtech Like Tencent and Alibaba

Bigtech companies such as Alibaba, Meta and Tencent, are rapidly expanding their presence in the financial services sector. This increasing influence presents opportunities to improve financial inclusion but also brings challenges relating to market dominance and price, as well as

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Internet Giants Are Threatening Incumbent Banks

“Bigtechs,” or Internet-based platform companies such as Amazon, Alibaba, Facebook and Tencent, are making inroads into the finance and banking business, threatening incumbent banks that are not responding fast enough to the digitalization of the industry, according to a new

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