Another busy news week saw Apple/Goldman Sachs announce they will go head to head with Affirm and Afterpay. Revolut is now the most valuable UK fintech…again. Not one, but two fintech companies started trading on the public markets this week and Square is going deep in DeFi. Here are what I consider to be the top 10 most important fintech news stories of the past week.
Apple, Goldman Plan ‘Buy Now, Pay Later’ Service to Rival Affirm from Bloomberg – Whenever the most valuable company on the planet announces something new in financial services it is big news. Apple is going to launch two BNPL products, one that goes head to head with Afterpay and one to take on Affirm. Both companies dropped more than 10% in value on Tuesday’s news and have not recovered.
Peter Renton is the chairman and co-founder of LendIt Fintech, the world’s first and largest digital media and events company focused on fintech. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series. Peter has been interviewed by the Wall Street Journal, Bloomberg, The New York Times, CNBC, CNN, Fortune, NPR, Fox Business News, the Financial Times, and dozens of other publications.