Apple Introduces New iPhone Wallet Feature in the UK, Leveraging Open Banking API for Real-Time Account Balances and Transactions

Apple Introduces New iPhone Wallet Feature in the UK, Leveraging Open Banking API for Real-Time Account Balances and Transactions

Apple's Wallet Feature Powered by Open Banking API, Allows UK Users to View Account Balances, Recent Transactions, and Apple Pay Expenditures in iOS 17.1 Beta

Apple’s strategic acquisition of Credit Kudos reinforces its deepening involvement in the Open Banking ecosystem. Credit Kudos specializes in leveraging Open Banking data to provide users with insights into their financial health and creditworthiness. It taps into the UK’s open banking platform to analyze bank account data, facilitating faster and more informed decisions for individuals seeking loans or other financial services.