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Why not financial services? There's a handful of small players testing the banking regulations now (like Mondo) to get authorised as basically "iPhone banks" -
by herghost 10y ago
Why not financial services?
There's a handful of small players testing the banking regulations now (like Mondo) to get authorised as basically "iPhone banks" - modern, mobile, without the legacy and technical debt.
With Apple Pay (and their $billion reserves) Apple could conceivably sweep in and buy up these newly regulated challenger-banks and buy their way into FS overnight.
- tomelders 10y agoThanks to all those banks that have seeded Apple Pay with more customers than they could possibly have hoped for. I don't know if Apple are thinking along these lines, but I do know that it's a great idea either way.