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In a rare UK-first release, Apple is soft-launching an iPhone Wallet app, harnessing open banking. Users will now be able to see their current account balance, as well as a history of deposits and payments, directly through their Apple Wallet. Banks including Starling, Monzo, Lloyds, RBS, Barclays and HSBC are supported in this first rollout.
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The motivation behind the acquisition was unclear at the time — Simon Taylor, 11:FS co-founder and now Sardine head of strategy and content, even said at the time, “Apple has a habit of acquiring something and then going silent for two years. Expect the same here”.
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