Yesterday, there was a lot of talk about the Department of Justice’s anti-trust lawsuit against Apple.
साइमन टेलर बुलाया it the “biggest thing in fintech since Visa/Plaid.” American Banker gave us a इतिहास of the battles between banks and Apple over the years. And TechCrunch had no less than six articles covering this development.
While the lawsuit itself is broad it does include some specific complaints about Apple’s massive financial business. Like with all things Apple, its financial offerings operate in a walled garden and that is the problem.
Apple Pay only works with the Apple digital wallet and third-party apps can’t even access the NFC chip. The EU opened an anti-trust investigation into Apple back in 2020 and has agreed to make some concessions.
In Europe, developers will soon have access to the NFC chip to build their own tap-to-pay services that can bypass Apple Wallet and Apple Pay. That opened the door for US regulators to act.
If Apple has a more open system in Europe, then U.S. consumers should enjoy the same benefits. That is at the heart of the DoJ complaint.
Apple shows no signs of slowing down in its push to add financial services features into the iPhone and its associated ecosystem. As digital financial services become more entrenched in our lives, it will be good for consumers to have access to products from a broad cross-section of vendors.
If the DoJ is successful, that will almost certainly come to pass.
विशेष रुप से प्रदर्शित
इंग्रिड लुंडेन द्वारा
In its antitrust complaint against Apple and its iPhone business, the U.S. Justice Department takes aim against Apple’s financial business.
फिनटेक नेक्सस से
> क्रेडिट यूनियन धोखाधड़ी से लड़ने वाले उपकरण के रूप में एआई
टोनी ज़ेरुचा द्वारा
If AI is properly deployed, it improves credit unions’ fraud decisioning capabilities, Provenir’s EVP for North America Kathy Stares believes.
> विस्कॉन्सिन अर्जित वेतन पहुंच कानून पारित करने वाला तीसरा राज्य बन गया
पीटर रेंटन द्वारा
Earned Wage Access has specific legislation in Nevada, Missouri and now Wisconsin after the governor signed a new law this week.
पॉडकास्ट
> क्रेडिट निर्माण पर सेल्फ फाइनेंशियल की सीईओ जूली सुडारेक
सेल्फ फाइनेंशियल के सीईओ एक अच्छा क्रेडिट स्कोर बनाने के महत्व, वित्तीय साक्षरता और कैसे एक क्रेडिट… के बारे में बात करते हैं। सुनो अब
समाचार भी बना रहे हैं
हमारे न्यूज़लेटर्स को प्रायोजित करने और अपने संदेश के साथ 180,000 फिनटेक उत्साही लोगों तक पहुंचने के लिए, हमें यहाँ से संपर्क.
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- एसईओ संचालित सामग्री और पीआर वितरण। आज ही प्रवर्धित हो जाओ।
- प्लेटोडेटा.नेटवर्क वर्टिकल जेनरेटिव एआई। स्वयं को शक्तिवान बनाएं। यहां पहुंचें।
- प्लेटोआईस्ट्रीम। Web3 इंटेलिजेंस। ज्ञान प्रवर्धित। यहां पहुंचें।
- प्लेटोईएसजी. कार्बन, क्लीनटेक, ऊर्जा, पर्यावरण, सौर, कचरा प्रबंधन। यहां पहुंचें।
- प्लेटोहेल्थ। बायोटेक और क्लिनिकल परीक्षण इंटेलिजेंस। यहां पहुंचें।
- स्रोत: https://www.fintechnexus.com/fintech-nexus-newsletter-march-22-2024-the-dojs-suit-against-apple-has-profound-implications-for-fintech/
