Tech firms face more regulation on payment services

News in brief

News in brief

Regulators are looking more closely at whether technology companies that provide financial services should be supervised more heavily, according to HSBC chairman Douglas Flint. “Regulators all around the world are reflecting on the extent to which internet companies are conducting banking business and at which point they should be licensed as a bank,” Flint said, as reported by Reuters.

Filed by This email address is being protected from spambots. You need JavaScript enabled to view it. Published 24 September 2015, 13:19 • Last updated 24 September 2015, 13:19

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