The Fintech Nexus 5 is our new fast-paced information present recorded each Thursday afternoon to deliver you the highest 5 fintech information tales of the week.
Right here is that this week’s episode:
The highest 5 information tales this week:
Apple’s Subsequent Huge Play: Private Finance Administration Meets Funds from Forbes – The beta launch of iOS 17.1 got here out this week. Usually this might not be massive information for fintech however there’s an attention-grabbing new characteristic on this launch that might have profound implications. Now, when choosing a debit or bank card for fee within the Pockets app you will notice your account stability displayed. This is a wonderful use of open banking by Apple that might not have been trivial to implement. That is solely accessible to UK iPhone customers initially.
Atomic Launches New Open Banking Instrument Known as PayLink from Fintech Nexus – Talking of open banking, Atomic launched a brand new instrument this week (within the US) to assist with switching financial institution accounts. With PayLink you’ll be able to transfer recurring bills in a single session as Atomic has created a Plaid-like interface for lots of the main subscription providers.
The World’s Greatest Crypto Agency Is Melting Down from The Wall Avenue Journal – It has not been an excellent 12 months for Binance. They’re beneath siege on many fronts from US regulators, greater than a dozen senior execs have left, they’ve laid off 1,500 staff, their crypto buying and selling market share is down from 70% to 50% and several other nations now not enable Binance to function (this isn’t even an entire record of their travails).
Maintaining observe of a number of BNPL loans? There’s an app for that. from Banking Dive – It was inevitable that somebody would give you a means for shoppers to trace all their BNPL loans. The typical person has 4 BNPL loans excellent at anyone time and Cushion has used some subtle expertise to trace these. They actually have a credit-building product that may mix these loans right into a month-to-month fee reported to the credit score bureaus.
Mercedes and Mastercard Debut Fingerprint Fee Providing in Germany from PYMNTS – Mercedes drivers in Germany will now be capable of pay for gasoline at greater than 3,600 gasoline stations in that nation with simply their fingerprint. The automaker is utilizing Mastercard’s Card on File for Commerce Platforms expertise to make this occur. Whereas the expertise appears cool, I’ve to assume this can be a answer searching for an issue. You must get out of the automotive to pump the gasoline anyway…
