Apple and Goldman Sachs Hit With $89M Fine.

What we’ll cover today:

💳 Could This Be the End of the Apple Card?

🚀 Future of Fintech Over The Next 10 Years.

📈 India’s Rise in Fintech.

🔗 The Event Roundup.

Could This Be the End of the Apple Card?

Imagine you’re an Apple Card user, disputing a charge and expecting smooth support.

Instead, you face:

• Long delays

• Credit report issues

• Surprise interest charges

According to the Consumer Financial Protection Bureau (CFPB), thousands of users reported these frustrations.

Now, Apple and Goldman Sachs are paying up:

• Apple: $25 million fine

• Goldman Sachs: $19.8 million in customer refunds + $45 million penalty

But there’s more.

The CFPB has banned Goldman from launching new credit cards until they show they can comply.

Here’s the whole article

1. Future of Fintech Over The Next 10 Years.

This is a clip from Fintech Confidential. 

In this episode of FinTech Confidential, Tedd Huff and Scarlett Sieber, Chief Strategy and Growth Officer at Money20/20  shares, fintech is on track for major growth, and embedded finance will continue to play a key role.

They talked about how embedded finance will change the future of fintech over the next 10 years?

Here’s The Clip

2. India’s Rise in Fintech.

This is an article from Richie Santosdiaz.

Richie is a management consulting and works explicitly mainly in the economic development realm, specifically around internationalisation.

In this article, Richie talks about India’s Fintech rise. 

He adds: ”With a population of over 1.4 billion, India – the world’s most populous country – has immense potential to set benchmarks in fintech as part of its broader economic development.”

Here’s The Whole Article

1. Kama Capital Elevates Razan Assaf.

Kama Capital has promoted Razan Assaf to Deputy CEO, acknowledging her pivotal role in advancing the company's fintech strategies and driving success in digital finance across competitive markets.

2. Seoul Fintech Lab Successfully Hosts Japan IR Program.

The event was designed to support Seoul Fintech Lab's resident and graduate companies in their efforts to enter the Japanese market. The participating companies aimed to secure overseas investment, establish foreign branches, and enter the market.

3. The Fintech Maverick: Jaya Vaidhyanathan, CEO, BCT Digital.

Jaya Vaidhyanathan, CEO of BCT Digital, is making waves in fintech by driving innovation and transformation in risk management and regulatory tech. Known for her visionary leadership, she’s positioning BCT Digital at the forefront of the digital finance landscape.