Kiffmeister’s #Fintech Daily Digest (09/18/2020)

Facebook-backed Libra welcomes Blockchain Capital as new member

Blockchain Capital, one of the largest venture capital firms in the blockchain industry, has joined the Libra Association. That brings the number of association members to 27.  

Europe may force Apple to let other payment apps access NFC chip

Apple could be forced to allow third-party payment apps to access the NFC chip in the iPhone and Apple Watch without having to use Apple Pay. The European Union is purportedly considering new antitrust legislation in response to complaints by banks that Apple’s restrictions on access to the chip are anticompetitive. The report is set to be unveiled next week by the European Commission as part of a package of policy proposals. Germany has already passed a law which would require this. 

Bank of Thailand issues new rules for digital loans

The Bank of Thailand issued a circular to businesses looking to apply for digital loan business licences that approved the use of alternative data which includes utility bills and online shopping information. Greater use of alternative data will help service providers to analyse the ability and willingness of borrowers’ debt payment based on information-based lending. It will also pave the way for the unbanked to get access to personal loans.  

Posted from Diigo: