Bank Innovation

MARCH 21, 2018

Startup Affirm is embedding its technology into the Apple ecosystem, allowing customers to load the company’s virtual card into Apple Pay, the startup announced today. The integration will also allow customers to use “Affirm InStore” to finance purchases at physical merchant locations, Affirm said.

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Payments Source

MARCH 24, 2020

Citi is beefing up leadership in its consumer card lending operations by recruiting Chase exec Pam Habner — credited with engineering the success of Chase’s Sapphire Reserve card — and former Citi exec Chris Fred, who will return after several months running the Apple Card business at Goldman Sachs.

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Bank Innovation

AUGUST 9, 2019

In this episode, Suman Bhattacharyya, deputy editor of Bank Innovation, speaks with Alyson Clarke, principal analyst at Forrester Research, about the following developments: With the much-awaited launch of Apple Card, the tech giant has taken a page […].

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Jack Henry

AUGUST 24, 2023

One company that has excelled in this area is Apple. Over the years, Apple has demonstrated the ability to leverage partners, expanding its network to achieve unparalleled success. By exploring Apple’s methodology, you can learn valuable lessons to apply to your own credit union or bank network to increase loan participations.

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PYMNTS

FEBRUARY 3, 2020

Goldman, according to reports in Bloomberg, would be added to the Amazon lending platform, which has traditionally helped merchants get the funding they need to get inventory. Amazon Lending traces its roots back to 2011, and the company had $863 million in SMB loans, according to recent filings with the Securities and Exchange Commission.

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PYMNTS

APRIL 9, 2018

Apple’s New Chip Groove. Last week’s reports suggest that Apple will soon wave goodbye to its long-term chipmaker, Intel, in favor of making its own chips for Mac computers. The goal is to bring all Apple products into alignment in an attempt to make them work more smoothly, similarly and seamlessly in tandem.

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PYMNTS

MAY 31, 2019

Margaret Keane, the CEO of Synchrony Financial, the biggest provider of store credit cards, said the card industry will be keeping a close watch on how Goldman Sachs handles its partnership with Apple in regards to the newly announced Apple Card. The reality is it’s a startup — they’re starting from scratch,” Keane said.

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Bank Innovation

OCTOBER 18, 2018

Banks need not fear large technology companies like Google or Apple taking their business. Digital banking continues to be the most convenient option for simple daily transactions, but branches are still necessary for the more complex ones And yet banks should not ignore the shift in banking habits brought on by non-bank technology companies.

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Google Apple Survey Digital Banking 225

Bussman Advisory

JUNE 9, 2022

The post Apple sidelines Goldman Sachs & goes in-house for lending | Citigroup plans to hire 4,000 tech staff | Deutsche Bank calls Russia IT staff to Germany appeared first on Bussmann Advisory AG. Subscribe now to our weekly newsletter. Contact us at info@bussmannadvisory.com for more details.

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TheGuardian

MARCH 1, 2024

Less than six hours later, her £9,350 life savings had been spent by him on Apple products in London. On a recent night out the 28-year-old healthcare professional was kind enough to help a man who asked to borrow her phone. And the final indignity: he used her Uber account to take a cab to Stansted airport. Continue reading.

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PYMNTS

AUGUST 23, 2019

With an ambitious play into a booming financial services space that presents challenges that include fierce competition, China’s Xiaomi is reportedly gearing up to roll out a consumer lending business in India. With the app, users can make payments via multiple options like credit cards, debit cards, UPI and net banking.

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CB Insights

APRIL 22, 2021

After last year’s payments push , big tech companies are now turning their attention to lending. Amazon, Facebook, and Google’s strategies focus on business lending — offering capital to the merchants, small businesses, or enterprises that they often already provide other services to. Phone number. Want the full post?

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Google Lending Apple Report 36

Payments Source

APRIL 4, 2017

Amazon is lending its considerable brand and heft to a cash payment model that borrows a vital piece of real estate from Apple Pay.

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Apple Lending Branding Payments 101

Bank Innovation

AUGUST 14, 2018

Whether it’s a consumer lender like Goldman Sachs’s Marcus or a point-of-sale lender like Affirm or even SMB lenders like BlueVine, there is a lot of perceived opportunity in the lending market. The new app is launching in the next few weeks in Apple’s app store, […]. Add a P2P dimension to that, and you have Lenmo.

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PYMNTS

FEBRUARY 2, 2018

Today in PYMNTS data, Visa earnings topped expectations, Mastercard saw positive outcomes and Apple underwhelmed market watchers in their recently released earnings reports. billion | Number of active, installed Apple devices as of January 2018. Apple reported revenue of $88.3 Here are the numbers: $4.9

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CB Insights

JUNE 17, 2021

Eager to turn the ongoing fintech boom into an advantage, big tech companies (Facebook, Apple, Google, Amazon) have been taking a number of strategic steps to grow their market share in financial services. How big tech’s product strategies differ across banking, payments, lending, and e-commerce. get the full report.

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Perficient

JULY 11, 2022

According to a survey by Lending Tree , nearly 70% of BNPL users admit to spending more on purchases when BNPL is an option than they do if they have to pay for everything upfront, bringing up the average value per order and resulting in higher profits for participating merchants.

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PYMNTS

MAY 5, 2017

The ecosystem was treated to a tale of two Apple Watches this week — and one wonders where the truth is, here, too. The first story was about the Apple Watch being a sizzle — a running theme throughout Apple’s latest earnings release. The Purge — Apple Watch Edition. Well, they might have been. If they had noticed.

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PYMNTS

OCTOBER 1, 2020

billion, and it furthers Goldman Sachs' push into Main Street lending. Without a well-known brand or branches, Goldman has turned to partnerships like the Apple Card , which had $4.5 billion in outstanding balances as of June 30, and a deal to lend to JetBlue Airways passengers and Amazon marketplace sellers, WSJ reported.

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PYMNTS

MAY 31, 2019

PayPal Hits $10B SMB Lending Milestone. Citi Said ‘Thanks, But No Thanks’ To The Apple Card. The report noted that JPMorgan Chase, Barclays and Synchrony were also in the running to partner with Apple on the credit card. The firm said a design defect in one of its applications may have exposed the data of its customers.

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Bussman Advisory

SEPTEMBER 29, 2023

This week’s must-know stories: Apple Wallet’s UK Integration: Apple Wallet app can now show current account balances from UK banks Apple is introducing a new feature in its iPhone Wallet app, leveraging the UK’s Open Banking API.

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PYMNTS

FEBRUARY 7, 2019

While there were many provisions to the payday lending rules as originally passed, the one that caused the greatest controversy was the “ability to repay” provision that would have required short-term lenders to establish a borrower’s ability to repay before offering them a small-dollar, short-term lending product.

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PYMNTS

JULY 14, 2020

In addition to its core POS lending business, Affirm branched out into financial services in June, debuting a high-yield savings account called Affirm Savings. stores for Google Pay and Apple Pay users. Silicon Valley FinTech Affirm is also a regular in the top 5 this year. The account comes with 1.30 Afterpay Co-Founder and U.S.

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PYMNTS

JANUARY 7, 2020

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. That includes Marcus and the Apple Card. In the meantime, the push downstream into consumer banking and into the Apple Card comes as the field is getting a bit crowded.

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PYMNTS

JANUARY 7, 2020

That unit will include the company’s online lending platform, Marcus , and credit card business, the latter of which is done through a joint venture with Apple. That includes Marcus and the Apple Card. In the meantime, the push downstream into consumer banking and into the Apple Card comes as the field is getting a bit crowded.

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Apple Lending Cards Report 132

PYMNTS

OCTOBER 10, 2019

By some measures, the introduction of installment lending has been a resounding success. Payment credentials are fully tokenized, and can be used in either the Apple Pay or Google Pay wallets. Between LendingClub and Upgrade, Laplanche has founded firms that have refinanced over $50 billion in consumer credit card debt.

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BankInovation

JULY 31, 2023

Artificial intelligence has revolutionized credit decisioning. What was once a slow, manual and subjective process is becoming highly automated, and the all-important act of approving or denying credit is increasingly being turned over to highly sophisticated neural networks.

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PYMNTS

OCTOBER 30, 2018

Earlier this month, Alipay said hackers had managed to steal money from some of its user accounts via stolen Apple ID credentials. The tool uses AI to analyze businesses’ outstanding invoices so as to determine borrowing needs, as well as blockchain to authenticate the invoices and secure loan application data.

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PYMNTS

AUGUST 12, 2016

Upserve is said to have a fancy, slick restaurant management algorithm that could help Square Capital refine its own fancy, slick risk management algorithm to make better lending decisions. This could come as a welcome relief, as lending decisions will be based on data about the viability and success of the business, which helps everyone.

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PYMNTS

DECEMBER 9, 2019

In today’s top news in payments, Goldman plans to launch a robo advisor for clients with lower investment capital than traditional customers, and Apple plans to offer 0 percent installment financing on iPhones bought with the Apple Card. Apple Updates Wallet App to Reflect iPhone Financing for Apple Card Users.

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Bussman Advisory

SEPTEMBER 8, 2023

This week’s must-know stories: London Stock Exchange explores blockchain for cross-asset digital ‘ecosystem’ JP Morgan investigating deposit tokens Apple issues emergency patch after Pegasus spyware breach Plus, 9 more exclusive stories to help you stay ahead of the curve!

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Chris Skinner

AUGUST 26, 2016

Things we’re reading today include … French support for the EU project is crumbling on the Left and Right Apple tackles iPhone one-tap spyware flaws Schooled in the short run, central banks struggle with a long-term role US criticises EU tax probes ahead of Apple ruling US online lending platforms take a hit LSE-DB submit … The post (..)

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American Banker

MARCH 24, 2020

Citi is beefing up leadership in its consumer card lending operations by recruiting Chase exec Pam Habner — credited with engineering the success of Chase’s Sapphire Reserve card — and former Citi exec Chris Fred, who will return after several months running the Apple Card business at Goldman Sachs.

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American Banker

JANUARY 15, 2020

The New York bank said Wednesday that its first-ever credit card has brought in nearly $2 billion of loans in less than six months.

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Gonzobanker

AUGUST 17, 2022

Lending Tech With Almost Steady Grades (Even With Rough Semesters). Mortgage services provider ICE acquired mortgage services provider Black Knight bringing together the two largest providers in the space.

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Bussman Advisory

FEBRUARY 11, 2023

The post Apple to launch BNPL feature | Google is investing $300M in an OpenAI challenger | JP Morgan promotes bank deposit tokens versus stablecoins appeared first on Bussmann Advisory AG. Serving as a trusted advisor to the CEO/CxO/Board we work with, helping them navigate inevitable scale-up challenges and digital opportunities.

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Bussman Advisory

APRIL 22, 2023

The post Apple launches 4.15% savings account with Goldman Sachs | Alphabet forms new AI-focused division | Allianz looks to offload N26 stake at steep discount appeared first on Bussmann Advisory AG. We offer advisory services for the executive team and in-person or virtual courses with tailored topics.

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