At Framework Venture Partners, we believe that the future of finance will be shaped by what we’ve labelled Fintech 2.0. Simply put, our thesis is that standalone financial products and services will largely disappear and will instead become embedded in the flow of applications people use every day.
This itemized visibility will mean that Apple is likely to forecast when you get married, have children or will be looking to make a major purchases. With all this data, Apple could then offer this person real-time money movements, savings, investments and even mortgages with virtually no paperwork. More importantly, Apple could offer these products with preapproved amounts and rates customized to that person’s projected credit risk.
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Apple tries to take a bite out of credit card industryThe card expands the company’s digital Apple Pay services, marrying the physical card to a virtual one and integrating both with the iPhone. Actually Apple wants to get a large piece of the financial transactions among people ... similar to what WeChatApp does in China.
Source: VancouverSun - 🏆 49. / 61 Read more »
Saudi Arabia oil giant’s $111.1 billion profit beats Apple, Shell and Exxon Mobil combinedState-run company can generate profit like no other company on Earth. Why then did it only get a A+ rating? cue the oil shills demanding even more subsidies, deregulation and tax breaks in the name of a losing battle to make Canada's dirtiest / least efficient tarsands muck competitive against these giants
Source: VancouverSun - 🏆 49. / 61 Read more »
Saudi Arabia oil giant’s $111.1 billion profit beats Apple, Shell and Exxon Mobil combined, first glimpse of finances revealsState-run company can generate profit like no other company on Earth. Why then did it only get a A+ rating? Title say 111.1 profit, the text says “net income last year was US$111.1 billion, easily outstripping U.S. behemoths including Apple Inc. and Exxon Mobil Corp.” Sloppy work. Kills the point of the whole article. Try harder or fire the editor.
Source: nationalpost - 🏆 10. / 80 Read more »