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The Trump administration forced Apple to turn over lawmakers’ data. Democrats are outraged.
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The Trump administration forced Apple to turn over lawmakers’ data. Democrats are outraged.

Democratic lawmakers are calling for an investigation into the Trump administration’s Department of Justice (DOJ) and its use of subpoenas to obtain device metadata belonging to at least two members of Congress. They say it’s a disturbing attack on the separation of powers, the principle of keeping the operations of the executive, judicial, and legislative...

What you need to know about the House’s opening bid to rein in Big Tech
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What you need to know about the House’s opening bid to rein in Big Tech

These days, it’s hard to get Democrats and Republicans in Congress to agree on anything. So it’s notable that Democrats on the Antitrust Subcommittee announced a slew of antitrust legislation today aimed at limiting the power of the tech giants — Amazon, Apple, Facebook, and Google, specifically — with some bipartisan support from their Republican...

Governor Bailey encouraged by progress around ‘critical innovation’ of CBDC
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Governor Bailey encouraged by progress around ‘critical innovation’ of CBDC

At the launch of the Bank for International Settlements’ (BIS) fourth Innovation Hub in London, Governor Andrew Bailey expressed positivity around the work currently being carried out by the Bank of England on central bank digital currencies. Bailey stated: “I’m very encouraged by progress on that [CBDC] front and the fact that we are getting...

Salary advance startup Clair raises $15 million
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Salary advance startup Clair raises $15 million

Clair, a New York-based earned wage startup for gig economy workers and tech contractors, has closed a $15 million Series A funding round led by Thrive Capital. The new investment brings Clair’s total funding to $19.5 million, following its seed round led by Upfront Ventures seven months ago. Clair enables HR tech and gig companies...

BIS opens fourth Innovation Hub in London
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BIS opens fourth Innovation Hub in London

The Bank for International Settlements has opened its third innovation hub in London. Established in 2019 to support exploratory work into new frontiers in financial technology, BIS Innovation Hub Centres are already in place in Hong Kong, Singapore and Switzerland. The Hub’s work programme is currently focused on six areas: use of technological innovation in...

Line launches smartphone bank in Indonesia
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Line launches smartphone bank in Indonesia

Line has launched its third digital bank in South East Asia under a partnership with PT Bank KEB Hana Indonesia. The Indonesian launch of the smartphone-only bank follows similar successful outings in Thailan and Taiwan. The strategic partnership between Line and Hana Bank Indonesia began in October 2018, when Line Financial Asia acquired 20% of...

EBAday 2021: new speakers announced
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EBAday 2021: new speakers announced

Finextra and the Euro Banking Association are thrilled to announce a fresh slew of speakers, guaranteed to draw out the detail and depth of European payments during EBAday 2021. Hailing from the world’s leading financial institutions, these esteemed speakers will be offering their insight across a broad range of topics including digital identity, CBDCs, real...

State Street wades into crypto space with new digital division
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State Street wades into crypto space with new digital division

State Street is embracing the shift to decentralised finance with the creation of a new division specifically to engage with digital assets, including cryptocurrencies. “The financial industry is transforming to a digital economy, and we see digital assets as one of the most significant forces impacting our industry over the next five years,” says Ron...