Santander's Ana Botin, has called for a level playing field between the banks and the new tech firms who are looking to muscle their way into the financial sector. The bill would require that all companies with more than $50 billion in assets be required to file quarterly reports on how they treat customers — including whether they're charging them fees or not. She admitted that Apple Pay is "not a good business for Santander" but since customers love it, they have had to embrace it
Santander's Ana Botin, has called for a level playing field between the banks and the new tech firms who are looking to muscle their way into the financial sector. She said that "rules have to be the same for banks and new entrants" and that includes sharing information, if collaboration is going to work. She admitted that Apple Pay is "not a good business for Santander" but since customers love it, they have had to embrace it