01 April 2022

Apple to develop financial services in-house

Written By FinTech Alliance

Apple to develop financial services in-house

Bloomberg has reported that technology giant Apple is aiming to bring its financial services in-house. 

In Brief: 

The operations being brought in house include payments processing, fraud analysis and credit checks. 

Its “Breakout” plan is a multi year project to reduce reliance on FinTech partners. 

This will be in addition to products it had already developed such as its Wallet app. 

What does this mean? 

The news follows Apple’s acquisition of UK FinTech Credit Kudos as well as reports it will be offering subscription services. This could mean Apple is going down the buy, and eventually build in-house, route, instead of partnering. 

Read more here. 

Up Next ...
25 April 2024

ComplyAdvantage acquires Golden

Bolstering financial crime intelligence.In brief:- ComplyAdvantage, known for its advanced ...

25 April 2024

Payflows raises €25mn

FinTech investors continue to focus on the B2B segment. In brief:- Two ...

25 April 2024

Paymentology partners with Sopra Banking Software

Aimed at delivering comprehensive card issuing services. In brief:- The strategic ...

23 April 2024

Trulioo and Nium Collaborate

Enhancing cross-border payments with enhanced identity verification. In brief:- Nium has ...

More in Technology

Commerzbank builds GenAI-powered virtual assistant

28 November 2023

Commerzbank is working with Microsoft to use generative AI and ...

Tech South West launches Angel Investor Programme

31 October 2023

A new Angel Investor Programme launching in the Great South ...

BBVA consolidates tech firms into one new company

23 October 2023

BBVA is combining its three tech firms into one new ...

Tech Nation returns with £10bn funding pledge

17 October 2023

Tech Nation is back with the help of Founders Forum ...

Articles Technology

From AI compliance to competitive advantage

02 October 2023

Key message:As companies deploy AI for a growing range of tasks, adhering to laws, regulations and e...

White Papers Technology

e-HKD: A technical perspective

19 May 2022

This whitepaper is part of the technology experimentation study under Project e-HKD. It explores pot...

Articles Technology

Across Fjord Trends 2021 - mapping out the new territory

04 May 2021

With the events of 2020 upending so much of what we took for granted, we now need to look ahead with...

Articles Technology

Technology Futures 2021 - Report by Deloitte

22 April 2021

The World Economic Forum and Deloitte present this first-of-its-kind report, equipping today’s reade...

There are no Events in this category