EU may bar US tech firms from a new financial-data sharing system as Apple loses DMA appeal
Recent reports indicate that US tech giants — including Apple, Meta, Google and Amazon — could be denied access to a forthcoming European Union system for sharing financial data. This comes amid continued regulatory pressure on large platforms operating in Europe.
Apple and the DMA
Apple has recently lost its appeal against the EU’s Digital Markets Act (DMA) interoperability obligations. The ruling means Apple must comply with measures designed to increase interoperability between dominant platforms and third-party services. Apple argued the rules threaten user privacy, security and innovation; EU regulators say the rules protect competition and consumer choice.
What’s at stake
- Data access: Denying access to the new EU financial-data system would limit how US platforms can process and use financial information in the EU.
- Privacy vs. competition: Regulators frame restrictions as protecting data sovereignty and fair markets; tech firms warn of risks to user privacy and service integrity.
- Wider regulatory trend: The move follows broader EU efforts (DMA, DSA, data governance rules) to assert control over large digital platforms.
Sources & further reading
- Axios — Apple appeals DMA interoperability rules (June 2, 2025)
- TechRepublic — Apple appeals EU DMA interoperability requirement
- European Commission press release on DMA enforcement
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