EPISODE · Jul 20, 2022 · 4 MIN
Apple is facing an antitrust class-action lawsuit in the US; and more!
from Connecting the dots in FinTech... by Marcel van Oost · host Marcel van Oost
Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below: Welcome to your daily FinTech news! NEWS HIGHLIGHT Apple is facing an antitrust class-action lawsuit in the US accusing it of illegally profiting from card issuers through policies that prevent competition to its Apple Pay wallet. A complaint filed in San Francisco federal court accuses Apple of denying rivals access to the NFC chip technology in iPhones needed to develop a competing mobile wallet. Link here. FINTECH NEWS #payments Meta is launching a new “payments in chat” feature on Instagram. With this new feature, users can purchase products from small businesses and track orders via direct messages on Instagram in the United States. Link here. #expansion Plum launched in Belgium. Belgians can now link their accounts to Plum from nine major banks including BNP Paribas Fortis, ING, and Hello Bank. Link here. #layoffs Gemini has made another round of layoffs, affecting seven per cent of its staff, according to TechCrunch. Link here. #breakingnews Ping Express executives convicted for $160 M money laundering. Two US-based Nigerian fintech executives pleaded guilty to failure to maintain an effective anti-money laundering policy. Link here. #crypto Buenbit launched a local currency loan product that uses crypto as collateral. Link here.
What this episode covers
Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below: Welcome to your daily FinTech news! NEWS HIGHLIGHT Apple is facing an antitrust class-action lawsuit in the US accusing it of illegally profiting from card issuers through policies that prevent competition to its Apple Pay wallet. A complaint filed in San Francisco federal court accuses Apple of denying rivals access to the NFC chip technology in iPhones needed to develop a competing mobile wallet. Link here. FINTECH NEWS #payments Meta is launching a new “payments in chat” feature on Instagram. With this new feature, users can purchase products from small businesses and track orders via direct messages on Instagram in the United States. Link here. #expansion Plum launched in Belgium. Belgians can now link their accounts to Plum from nine major banks including BNP Paribas Fortis, ING, and Hello Bank. Link here. #layoffs Gemini has made another round of layoffs, affecting seven per cent of its staff, according to TechCrunch. Link here. #breakingnews Ping Express executives convicted for $160 M money laundering. Two US-based Nigerian fintech executives pleaded guilty to failure to maintain an effective anti-money laundering policy. Link here. #crypto Buenbit launched a local currency loan product that uses crypto as collateral. Link here.
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Apple is facing an antitrust class-action lawsuit in the US; and more!
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