Antitrust Antitrust

Big Tech entry into UK financial services raises competition risks, industry watchdog warns

If tech giants further expand into the traditional UK financial services market, they could exploit increased market share to the detriment of competition, the Financial Conduct Authority warned today.

In a paper on the competition impacts of Big Tech in financial services, the regulator warned that the biggest digital platforms could gain anticompetitive

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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