article thumbnail

Apple To Face Opposition From Seoul Firms Over Closed NFC

PYMNTS

Apple is about to face opposition from a group of Seoul-based financial technology firms that are gearing up to file a complaint with the Korean Fair Trade Commission. According to a report , the financial technology firms are upset about Apple’s closed policy for the near-field communication functions of its iPhones.

Apple 100
article thumbnail

How will the Apple Watch and other tech evolutions impact banking?

Abrigo

While many bank and credit unions are consistently updating their financial technology behind the scenes to ensure smooth back-end processes, tech upgrades for consumer-facing products and services are increasingly important to customer satisfaction and retention. It’s a big job to keep up with the Apples of the world.

Apple 150
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Kenya's Biggest Bank in Talks with Facebook, Apple on Digital Payments

Payments Source

about collaborating on digital payments through its new financial-technology unit, Chief Executive Officer Joshua Oigara said. KCB Group Ltd., Kenya’s biggest bank by assets, is in talks with companies including Facebook Inc., and Alibaba Group Holding Ltd.

Apple 60
article thumbnail

Young Consumers Love to “Buy Now, Pay Later” – Here’s What to Know About the Explosive Fintech Trend

Perficient

Broady, a Metropolitan Policy Program Fellow at the Brookings Institution, through some of these new fintech innovations such as BNPL, “Financially vulnerable populations experience greater income and expense volatility.” Fintech enthusiasts should also keep a close watch on Apple’s newly unveiled BNPL system, Apple Pay Later.

Fintech 474
article thumbnail

24 Big European Banks Take On Visa, Mastercard With Their Own Payment System

PYMNTS

PEPSI promises to rival not only the two credit card giants, but also other financial technology companies including Google , Apple , Alipay and WeChat Pay. . The launch, first reported by Les Échos, is expected to be revealed by the 24 banks as early as Thursday (July 2). .

System 327
article thumbnail

Big tech Is coming for banking: Experts predict fintech’s 2020

Bank Innovation

Financial technology startups will enter the next decade with a little more street cred than the last time around. Nearly 60 upstarts focusing on financial services — from Stripe Inc. to Chime Inc. to Plaid Inc. — have garnered valuations of more than $1 billion in recent years, according to CB Insights.

article thumbnail

PayPal, Mastercard Champion Bank-FinTech Alliances

PYMNTS

At the World Economic Forum in Davos, Switzerland, executives of PayPal and Mastercard touted partnerships between financial technology companies and banks as a positive way to gain customers’ trust and innovate new ways for customers to interact with their finances. On Tuesday (Jan.

Fintech 194