Partner Joanna Christoforou spoke to IFLR about the United Kingdom’s Financial Conduct Authority (FCA) consultation on the potential competition risks and benefits of big tech’s entry into the financial services sector.
“I agree with the FCA’s assessment that the entry by technology firms in financial services would benefit consumers,” said Joanna.
“Entry, particularly from innovative technology firms, would have the usual competition benefits of reducing prices and increasing innovation and quality across the board.”
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