Fintech Nexus E-newsletter (June 11, 2024): Apple introduces Faucet to Money for iPhone to iPhone funds

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Yesterday, Apple held its annual Worldwide Builders Convention (WWDC), throughout which it made a number of fascinating bulletins.

Essentially the most related to fintech is the brand new “Faucet to Money” characteristic that will probably be constructed into iOS18. Because it sounds, it will enable customers to ship and obtain Apple Money just by holding two iPhones collectively.

There have been additionally extra updates to Apple Pockets, together with the power to redeem rewards and handle installments by way of playing cards loaded into the pockets.

After all, yesterday’s huge announcement was about Apple Intelligence, a brand new suite of AI merchandise that will probably be built-in immediately into Siri. 

Simon Taylor muses about what would possibly occur if we mix Faucet to Money, Apple Intelligence and open banking.

Fintech is about to get extra fascinating…


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  • Peter Renton

    Peter Renton is the chairman and co-founder of Fintech Nexus, the world’s largest digital media firm centered on fintech. Peter has been writing about fintech since 2010 and he’s the creator and creator of the Fintech One-on-One Podcast, the primary and longest-running fintech interview collection.



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