Weekly Wrap: White House executive order points to stepped up regulation on tech, health care 

Stablecoin issuer Circle looks to go public via a SPAC. This week, the Bank Automation News team discusses the July 9 announcement from the White House regarding stepped-up regulatory efforts to promote competition and enforce antitrust action primarily in the Big Tech and health care sectors.

This week, the Bank Automation News team discusses the July 9 announcement from the White House regarding stepped-up regulatory efforts to promote competition and enforce antitrust action primarily in the Big Tech and health care sectors.

The executive order also calls for banks to allow customers to take their own financial transaction data with them to competitor banks.
In this week's podcast, BAN also delves into the rumors that Google is in talks to buy pring, a Tokyo-based cashless payment and settlement startup, and the significance of the transaction.

Meanwhile, stablecoin issuer Circle’s bid to go public via a merger with special purpose acquisition company (SPAC) Concord Acquisition Corp. is a deal that values the firm at $4.5 billion. The BAN team discusses the acquisition that will have Circle shareholders owning 86% of the firm upon completion of the transaction, which is expected at yearend.

Find a discussion of these topics and more in today’s episode of the Weekly Wrap with Editor Myra Thomas and Associate Editors Jaspreet Kalra and Loraine Lawson for the week ended July 9, 2021.

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