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The international regulatory group said that despite some benefits from tech firms' incursion, the companies' efforts may present operational and disruption risks.

Consumer trust issues have long been a stumbling block for challenger banks, but many say Google will face bigger obstacles.

Questions about the search giant's planned use of transactional data resonate not only with wary consumers, but also with banks that are worried about big tech’s financial services ambitions, as well as lawmakers and regulators concerned about the tech industry’s growing reach.

Tech giant takes will work with Citi; the bank reportedly asked IT providers to return some of the money it paid them in 2018.

Two new surveys have found that most consumers would prefer to stash their cash in traditional banks. But there's one group of savers who would be very comfortable opening accounts with tech giants if given the opportunity.