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Banks Facing Data Crisis May Need Political Help, Denmark Warns

Key Speakers At Google Cloud Next '19 Conference
Photographer: Michael Short/Bloomberg
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First there was the financial crisis of 2008. Then years of negative interest rates. Now, banks face what one financial regulator calls the “real game changer.”

Jesper Berg, the head of the Financial Supervisory Authority in Denmark, says the next big threat for banks is the rapid spread of big tech into financial services. The competitive tool is personal data and the playing field is far from even, he says.