Month: April 2016

Apple services banned in China: Apple Pay next?

The B.B.C reported today that Apple’s iTunes and iBooks services have been suspended in China. This puts Apple’s Apple Pay in China mobile payments plans in jeopardy. Apple Pay seems to have be saved the chop but it is not clear whether it will survive future purges. The Chinese Government has taken this step after…

Old bankers don’t steal, they just borrow without security : Lessons from Chase Bank on how FinTech alone can’t save a bank.

Chase Bank (no relation to its American namesake) was placed under receivership last week. The bank often touted itself as a key leader in FinTech and banking innovation in Kenya. When it shut its doors last week 55,000 account holders – mostly tech savvy, upwardly mobile youth – were left stranded.  KES 92 Billion (USD…