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Big Tech could be pressed to share data ‘valuable’ to UK financial services

By Phoebe Seers ( January 9, 2025, 14:15 GMT | Insight) -- Big Tech companies that hold data found to be valuable to the UK's financial services sector could be pressured through regulation to share it for the benefit of consumers, the UK financial markets watchdog has said. The value of such data is as yet "uncertain," the Financial Conduct Authority noted. Its comments came in response to independent scrutiny on its work on areas that also included competitiveness and growth.Big Tech companies that hold data found to be valuable to the UK's financial services sector could be pressured to share it for the benefit of consumers, the UK financial markets watchdog has said....

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