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    News in brief

    Tech firms face more regulation on payment services

    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 Email Rian Boden Published • Last updated 24 September 2015, 13:19

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