>Backed by Germany, the proposal would exclude Meta Inc., Apple Inc., Alphabet Inc.’s Google LLC and Amazon.com Inc. from the Financial Data Access regulation, which aims to let third-party providers use bank and insurer data to develop digital finance products. Germany told other EU members the move would “promote the development of an EU digital financial ecosystem” and protect consumer “digital sovereignty,” the newspaper saw in a document.
Does this include third party using these companies as secondary service providers? Also, I’m curious why Apple? Outside of the Apple Card, they don’t have much a footprint in any financial services. They are also not heavily data-driven like the other giants.
LegThen7077 on
the EU is great at banning stuff.
ILikeYourMommaJokes on
Good. Those companies cannot be trusted with ANY data.
hamstar_potato on
Now, can they stop other Google’s dirty moves on EU territory, such as closing the Android’s open nature?
Yasuchika on
Europe has to become less reliant on foreign powers for critical infrastructure.
octahexxer on
Yes we need to invest into non usa infrastructure…its dumb that we have almost everything using usa
EmmaGregor on
We all know that it takes just a little push-back from the White House to change their mind. Nice intention but I have little trust that it will come into effect.
Yavanaril on
Please also exclude Palantir. We don’t need to help that dictatorship in training anywhere in Europe.
8 commenti
>Backed by Germany, the proposal would exclude Meta Inc., Apple Inc., Alphabet Inc.’s Google LLC and Amazon.com Inc. from the Financial Data Access regulation, which aims to let third-party providers use bank and insurer data to develop digital finance products. Germany told other EU members the move would “promote the development of an EU digital financial ecosystem” and protect consumer “digital sovereignty,” the newspaper saw in a document.
Does this include third party using these companies as secondary service providers? Also, I’m curious why Apple? Outside of the Apple Card, they don’t have much a footprint in any financial services. They are also not heavily data-driven like the other giants.
the EU is great at banning stuff.
Good. Those companies cannot be trusted with ANY data.
Now, can they stop other Google’s dirty moves on EU territory, such as closing the Android’s open nature?
Europe has to become less reliant on foreign powers for critical infrastructure.
Yes we need to invest into non usa infrastructure…its dumb that we have almost everything using usa
We all know that it takes just a little push-back from the White House to change their mind. Nice intention but I have little trust that it will come into effect.
Please also exclude Palantir. We don’t need to help that dictatorship in training anywhere in Europe.