Tag: payments

How Europe’s regulatory battle with Apple could signal what’s to come for American consumers
Technology

How Europe’s regulatory battle with Apple could signal what’s to come for American consumers

[ad_1] It'll likely take years before the U.S. government's massive antitrust lawsuit against Apple is resolved — but the iPhone maker's troubles with European regulators offer a glimpse of what changes American customers may see down the line.The U.S. lawsuit seeks to stop Apple from undermining technologies that compete with its own apps in areas such as streaming, messaging and digital payments. The Department of Justice also wants to prevent the tech giant from building language into its contracts with developers, accessory makers and consumers that lets it obtain or keep a monopoly. These are similar to themes that the European Commission, the bloc's executive arm and top antitrust enforcer, and Apple have been wrangling over for years. EU antitrust watchdogs have launched multiple...
Can banks handle their own Banking as a Service?
Technology

Can banks handle their own Banking as a Service?

[ad_1] Indian Fintech is big and has helped many an industry achieve low-cost profits and customer experience, and banking is among the top. Indian FinTech is a formidable force to be reckoned with, with the finance ministry saying that the market will reach about US$160 billion by 2025. According to a 2022 report by BLinc Invest, the Indian FinTech market is already the world's third largest. But being a FinTech and being a bank are different things. Yes, India is big on FinTech. But where does Indian banking stand when it comes to controlling its Banking as a Service (BaaS)?  The Indian market has been evolving its BaaS business models with many banks having started these initiatives in the past 12-18 months. This has been fuelled by the Central Bank's push towards digitalization.  ...