Google Denies Rumored Plans to Enter Financial Markets
Tech giant has no immediate plans to enter the space outside of its role as a service provider, despite uneasy conference chatter.
Analysts have, in the past, suggested that areas such as asset management are particularly ripe for disruption by big players. Thanks to a sharp decrease in actively managed funds in favor of passive investments, and a history of firms such as China’s Alibaba making inroads into money markets, Moody’s Investors Service suggested in a November research note that Silicon Valley could make moves to capture market share in this sector.
Market participants have become increasingly convinced that
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