Bank: Santander boss calls for tougher regulation of tech companies

Ana Botin calls on regulators to “level the playing field” between the financial sector and tech companies capable of accessing customer data. At the end of December, the boss of Allianz had also called for more severe supervision of fintechs.

Ana Botin called in a column published in the “Financial Times” for a review of banking regulations.

When the most powerful banker in Europe takes the pen on January 4 and talks about the ambitions of the tech giants in terms of financial services, it is not to wish them a happy new year. Quite the contrary.

« Regulation now favors tech companies that offer intermediary financial services over banks », Denounces Ana Botin, the president of the banking giant Santander, in an article published Monday in the« Financial Times ».