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 Massive Play: Private Finance Administration Meets Funds from Forbes – The beta launch of iOS 17.1 got here out this week. Usually this may not be large information for fintech however there may be an fascinating new function on this launch that would have profound implications. Now, when deciding on 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 may not have been trivial to implement. That is solely obtainable to UK iPhone customers initially.
- Atomic Launches New Open Banking Software Known as PayLink from Fintech Nexus – Talking of open banking, Atomic launched a brand new software 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 most of the main subscription providers.
- The World’s Largest Crypto Agency Is Melting Down from The Wall Road Journal – It has not been a superb 12 months for Binance. They’re underneath 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 international locations now not permit Binance to function (this isn’t even a whole checklist of their travails).
- Maintaining monitor of a number of BNPL loans? There’s an app for that. from Banking Dive – It was inevitable that somebody would provide you with a means for shoppers to trace all their BNPL loans. The typical person has 4 BNPL loans excellent at anybody time and Cushion has used some refined know-how 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 have the ability to 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 know-how to make this occur. Whereas the know-how appears cool, I’ve to assume this can be a resolution searching for an issue. It is advisable get out of the automobile to pump the gasoline anyway…
