Apple Granted 44 Patents Today Covering an Advanced Smart Bracelet and Possibly the foundation for their Speaktenna
Samsung sees Smartphone Market in Decline and Looks to new Market Trends for Growth

Apple, PayPal, Google & Others Form 'Financial Innovation Now' a Coalition to Promote Innovative Financial Services

10. 0 PA NEWS -

1af 88 financial Innovation Now

Today it was announced that technology industry leaders Apple, Amazon, Google, Intuit and PayPal today announced the formation of Financial Innovation Now, a coalition that will promote policies to help foster greater innovation in financial services.


Brian Peters, Executive Director of Financial Innovation Now stated that "Innovation is coming to financial services, and now is the time for Washington to help enable a modern financial system that is more accessible, affordable, and secure. This alliance of remarkably innovative companies brings a new voice to Washington's financial conversations, and we look forward to engaging on a wide range of opportunities.




Whether it is protecting consumers, growing small businesses, or promoting financial literacy and savings, Financial Innovation Now wants policymakers to understand how new technologies can help solve today's policy challenges."


The organization and its member companies believe that financial innovation will empower consumers by improving access to financial tools and services, increasing convenience and ease of use, and helping users save money and lower costs.


3AF 55

In addition, it will enable small businesses to grow and succeed with greater access to capital and analytical tools to make strategic, data-driven decisions, and strengthen authentication and security solutions for everyone.


  Financial Innovation Now will promote policies that aim to:


•Realize trust and safety of new technologies

•Leverage technology to reduce barriers and enhance access for the underserved

•Enable real-time payments clearing processes

•Expand the online marketplace for consumer and small business lending

•Unlock the power of financial applications


Peters later added that "The regulatory environment must allow these new innovations to enter and compete in the marketplace. We look forward to working with policymakers to promote the adoption of new services, many of which are already bringing significant benefits to consumers and small businesses today."


4AF 88

10. 1 PA - Bar - NewsAbout Making Comments on our Site: Patently Apple reserves the right to post, dismiss or edit any comments. Comments are reviewed daily from 4am to 6pm PST and sporadically over the weekend.




The comments to this entry are closed.