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Apple’s Partnership With Goldman Sachs Will Drive Seismic Shifts In The Banking Industry

Forrester IT

Apple and Goldman Sachs are partnering to deliver a new credit card. The industry seems to be quick to dismiss the partnership, especially the rewards program – but we think they’re missing the bigger picture. The bigger concern for digital banks, traditional banks, […].

Banking 392
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Microsoft reports investments in banks, funds and other programs supporting Black-owned companies

GeekWire

-based software and cloud giant offered an upbeat report, saying that in some cases programs that were expected to take years to build up have been accomplished in a matter of 18 months. Microsoft reports that it has reached its goal of committing $100 million to mission-driven banks, which provide capital to diverse communities.

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Schrodinger’s Open Banking

CIO Business Intelligence

I can’t help but think of open banking in the United States — it’s not here, and, at the same time, it’s very much here. In essence, they’re not waiting for the kind of regulatory open banking mandates that have been handed down in other parts of the world. They’re building their own open banking environment.

Banking 98
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Schrodinger’s Open Banking

CIO Business Intelligence

I can’t help but think of open banking in the United States — it’s not here, and, at the same time, it’s very much here. In essence, they’re not waiting for the kind of regulatory open banking mandates that have been handed down in other parts of the world. They’re building their own open banking environment.

Banking 98
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Apple Pay closes loophole that allowed Russian users to pay with Mir cards

The Verge

Apple Pay will no longer support Russian card payment system Mir, closing a loophole that let Russians continue to use the service amid economic sanctions put on the country, according to a report from Reuters. The company also notes any Mir cards previously added to Apple Pay will stop working over “the next few days.”

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Has Apple Pay made it too easy to spend money?

Vox

Apple Pay leads the tap-to-pay market, which has exploded in popularity in the last few years. Apple released iOS 17 on September 18 and now that the new operating system is here, you can probably leave your wallet at home. It also marks a step forward in Apple’s steady march toward becoming a sort of bank.

Apple 86
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Has Apple Pay made it too easy to spend money?

Vox

Apple Pay leads the tap-to-pay market, which has exploded in popularity in the last few years. Apple released iOS 17 on September 18 and now that the new operating system is here, you can probably leave your wallet at home. It also marks a step forward in Apple’s steady march toward becoming a sort of bank.

Apple 83