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Big Tech Faces Regulation Reckoning As 2021 Dawns

PYMNTS

If 2020 was the year of streaming media, of content done a million different ways, of apps and Apple, and Google’s and Amazon’s algorithms … it was also the year of Big Tech regulation, where 2020 set the stage for a 2021 that could be seismic in changing the way companies — from Facebook to Apple to debt collectors — interact with consumers.

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Facebook Says It’s Open To New Regulation

PYMNTS

Facebook , which has been under fire for months over data scandals, expressed openness to new regulation. According to a report in Reuters citing Facebook’s public policy manager Karim Palant, the executive said the social media giant is “open to meaningful regulation.” Google in 2012 paid $22.5

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Deep Dive: How Ad Fraud Takes A Toll On Advertisers And Publishers

PYMNTS

Ad fraud’s prevalence is largely due to two factors: The lack of regulation and the sheer complexity and volume of online advertising. Banks may process $1 million worth of credit card fraud requests in a day, but ad fraud detectors can face up to 20,000 requests every second. Ad fraud can take a variety of forms.

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Bitcoin, Other Cryptocurrencies Continue Decline Over Regulation Fears

PYMNTS

With fresh concerns about government regulation of cryptocurrency surfacing, Bitcoin and other digital tokens continued the recent declines in value, erasing $550 billion in value for the global cryptocurrency market since the start of 2018. After all, one of the appeals of digital tokens is that they are not regulated and are anonymous.

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For Big Tech, Antitrust Scrutiny Deepens

PYMNTS

On Friday, the House Judiciary Committee, investigating antitrust issues tied to marquee names such as Facebook, Google and others, delivered letters asking for communications and documents that may shed light on the reasons and processes surrounding changes in the competitive landscape, including various mergers and acquisitions.

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Banks Need Artificial Intelligence – It’s Just a Matter of Picking the Right Technology

Gonzobanker

Whether or not banks and credit unions know it, they are using unsupervised machine learning in many of their anti-money laundering and fraud software applications. and Scienaptic signed more than 80 new credit unions in the past year. As my mother used to ask me, “If all your friends jumped off a bridge, would you?”

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Facebook Hit With Three State Probes Over Privacy Violations

PYMNTS

Earlier this week Racine said he believes more states will sue the social media giant. senators questioned the company over reports that it secretly paid users for their data, as well as allowed kids playing games on the site to make thousands of dollars in purchases, which the company called “friendly fraud.”. billion.