Apple is dabbling in Open Banking even more with the new FinanceKit API 📱💳; JPMorgan's missed "company-changing" opportunity: the Discover deal that wasn't meant to happen 😳💸

FinTech is Eating the World, 8 March

Hey Everyone,

TGIF! Another big week in FinTech is about to end, and we’re going to finish it off with some more fascinating stories. Today’s issue is the best one yet as we’re going to look at Apple that’s dabbling in Open Banking even more with its new FinanceKit API (what is it & why it’s a brilliant move + bonus dives into Apple building for the AI-driven finance future), and JPMorgan that just missed the "company-changing" opportunity (why the Discover deal was never meant to happen for JPM + deep dives into the M&A, JPM and beyond). Let’s jump straight into the thrilling stuff 🌶

Apple is dabbling in Open Banking even more with the new FinanceKit API 📱💳

The news 🗞️ In a move that brings Apple AAPL 0.00%↑ closer to open banking principles, the tech giant has released a new API called FinanceKit as part of iOS 17.4.

This API allows select fintech apps to access users' transaction data and account balances from Apple Card, Apple Cash, and Apple's new high-yield Savings account.

Let’s take a closer look at what it’s all about and why it matters.