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Is Social Media Key to Hitting the Trillions for (Fin)Tech Companies?

Bank Innovation

Could Microsoft be the first technology company to earn a one trillion market value? Analyst Michael Markowski seems to think so, citing the technology giant’s recent acquisition of professional social media site LinkedIn as the boost that pushed Microsoft into the race.

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Apple Hires Facebook Critic As Part Of Privacy Team

PYMNTS

Apple has reportedly hired Sandy Parakilas, an ex-Facebook employee who became a prominent critic of the company, as part of its privacy team. Back then, he had warned executives at the social media company of the potentially damaging impact of Facebook’s data sharing policies. In 2017, Parakilas provided the U.K.

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Facebook Is Developing Its Own OS To Rival Google, Apple

PYMNTS

In an effort to minimize future dependence on rivals Google and Apple, Facebook plans to develop its own operating system (OS), according to The Information. Per the report, a Facebook spokeswoman said plans are connected to the technology giant putting greater focus on its future products such as augmented reality (AR) glasses.

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Identity As A Service To The Rescue

PYMNTS

Social media platforms are infested with phonies, and not just your best friend’s irritating co-worker (although he totally is). This is about the fact that fake identities comprise 25 percent of new social media accounts created every day, and that 53 percent of all social media logins are fraudulent , according to a recent study.

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Frightful Five: The Apple Update That Pays

PYMNTS

Amazon takes another swing at Etsy, Apple catches up in the proprietary Pay game and Facebook matriculates a new generation of social media users with its new Messenger product for kids — this and more of the latest news from the Frightful Five, just in case you missed it. It’s finally here: with the iOS 11.2

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Banking Algorithms, the Apple Card and Sexism

Banking Exchange

Allegation that the Apple Card provided husband a credit limit several times higher than his wife’s credit limit Payments Technology Risk Management Social Media People Customers Tech Management Mobile Online Cards Security Big Data Feature3 Fintech Feature.

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Restaurant Ordering Apps, Cloud Technology, Cash Hoarding Top This Week’s News

PYMNTS

We have deep dives into in-house restaurant ordering apps and cloud technology, as well as a report on banks running short on large bills amid the coronavirus crisis. Tom Brady announced on social media that he won’t sign with the Patriots for the 2020 season after two decades with the team.