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As Apple Inc AAPL and Alphabet GOOG GOOGL -owned Google penetrated into financial service and realized significant gains with mobile wallets, Americas biggest banks have joined their efforts to defend their turf. Namely, JPMorgan Chase & Co. JPM , Bank of America Corporation BAC and Wells Fargo & Company WFC , among others, will be launching a mobile wallet that will connect to credit and debit card accounts of 150 million customers.Fintech Partnerships Have Been In The Air For AWhile Now

Fintech has been taking a bite out of traditional banking. In April, Apple continued its iBanking revolution that began with Apple Pay by joining forces with The Goldman Sachs Group Inc GS to release its Apple Card high-yield savings account. Goldman Sachs is known for embracing technological development to meet the needs of its tech-savvy customers. But, even other offline banks entered the fintech game.

For example, JPMorgan has struck deals with both Apple and Amazon.com Inc AMZN that will fuel the two tech titans to expand their banking footprints. Amazon also got the help of Citigroup Inc C with its instalment payment offering.Big Banks Mobile Wallet

Named Paze, the banks soon to be launched digital wallet will be operated by Early Warning Services. This bank consortium group already runs the payments app Zelle which became the largest-peer-to-peer payment app pretty quickly since its launch in 2017 so no wonder that big banks are hoping that the same formula will help replicate this success. Last year, payments over Zelle increased almost 30% to$629 billion while PayPal Holdings Inc PYPL -owned Venmos score was only $244 million and PayPal acquired Venmo back in 2013, four years after its inception. Even PayPal got pressured by Apples entry into digital payments and is undergoing a business turnaround. Venmo has long been seen as the source of long-term growth for PayPal but it still didn't get to a point of becoming asignificant revenue contributor. Despite the digital payments platform'spioneeringjourney, PayPal managements guided for lacklustergross profit growth.Fintech Partnerships Are Here To Stay

Paze shows that rivaling banks are willing to work together and to use the expertise of tech firm to stop Apple, Google and most recently, X, whose goal is to offer banking services. Although Financial Times quoted a market research study that merely 6% of global purchases was made by Apple Pay, the number of users skyrocketed in five years, going from 60 million to now exceeding 500 million and that is making banks nervous.

Yet, fintech partnership are not favored by regulators whose concern is that such unions expose the U.S. banking system to non-trustworthy players.Putting The Genie Back In The Bottle Is An Unlikely Scenario

Big Tech is certainly giving Big Banks a run for their money as Apple, Amazon and Google are poised to challenge the power that banks have enjoyed for a very long time and the mobile wallet is now the biggest battleground in this tussle. Many believe that banks are not able to put the Apple, Amazon and Google genie back in the bottle as the history of the industry is filled with advancements that ultimately became industry standards.

DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.

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TV presenter Jay Blades appears in court charged with two counts of rape

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TV presenter Jay Blades appears in court charged with two counts of rape

TV presenter Jay Blades has appeared in court charged with two counts of rape.

The 55-year-old appeared via video link at Telford Magistrates’ Court and spoke only to confirm his name, address and date of birth at the six-minute hearing on Wednesday.

Blades, from Claverley in Shropshire, was granted conditional bail to appear at Shrewsbury Crown Court on 10 September.

He was not required to enter pleas during his first appearance.

The presenter found fame on the furniture restoration programme The Repair Shop after he started presenting in 2017.

A furniture restorer, he was the face of the popular BBC show that featured people having their treasured objects repaired and rejuvenated until he stepped back from presenting the programme last year.

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Blades was also the presenter of the BBC’s Money For Nothing until 2020 and took part in Celebrity Masterchef, Celebrity Bake Off, and Comic Relief.

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OU’s Mateer denies gambling, was ‘inside joke’

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OU's Mateer denies gambling, was 'inside joke'

Oklahoma starting quarterback John Mateer, after screenshots of past references to “sports gambling” on his Venmo account surfaced online Monday, denied ever being involved with gambling, saying Tuesday it was instead “inside jokes” with his friends.

School officials became aware of the screenshots late Monday night and are looking into the situation, a source told ESPN’s Pete Thamel.

“The allegations that I once participated in sports gambling are false,” Mateer posted to X on Tuesday. “My previous Venmo descriptions did not accurately portray the transactions in question but were instead inside jokes between me and my friends.

“I have never bet on sports. I understand the seriousness of the matter but recognize that, taken out of context, those Venmo descriptions suggest otherwise. I can assure my teammates, coaches, and officials at the NCAA that I have not engaged in any sports gambling.”

Screenshots posted online Monday night showed Mateer allegedly twice included “sports gambling” in memos for transactions on Nov. 20, 2022, while he was a freshman at Washington State. Both transactions were allegedly made to a Venmo account for Richard Roaten, believed to be a teammate at Washington State at the time.

College athletes are prohibited from betting on any sport offered by the NCAA, with penalties up to loss of eligibility.

OU Athletics issued a statement saying it “takes any allegations of gambling seriously and works closely with the NCAA in any situation of concern.” The school said its “unaware of any NCAA investigation and has no reason to believe there is one pending.”

Mateer, the No. 1 overall player in ESPN’s portal rankings, transferred to Oklahoma from Washington State this offseason. He passed for 3,139 yards and 29 touchdowns last season, his third with the Cougars.

Oklahoma is ranked 18th in the first Associated Press Top 25 poll. The Sooners open their season at home Aug. 30 against Illinois State.

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Kreul intentions: Five-star DE picks Sooners

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Kreul intentions: Five-star DE picks Sooners

Oklahoma secured its most significant commitment yet in the 2026 recruiting cycle on Tuesday when defensive end Jake Kreul, No. 22 in the 2026 ESPN 300, announced his pledge to the Sooners on “The Pat McAfee Show.”

Kreul, a 6-foot-3, 235-pound edge rusher from Florida’s IMG Academy, entered August as the lone remaining uncommitted among the 23 five-star prospects in ESPN’s prospect rankings for the 2026 cycle. He chose Oklahoma over Ole Miss and Texas following a slate of official visits this spring that included trips to all three finalists as well as Colorado, Florida and Ohio State.

Kreul lands with the Sooners as the 16th overall pledge and only the third ESPN 300 commit in Oklahoma coach Brent Venables’ 2026 recruiting class following the program’s 6-7 finish to the 2024 season. Kreul now stands as the top-ranked member of Venables’ latest class alongside fellow top-300 pledges in No. 5 dual-threat quarterback Bowe Bentley (No. 168 overall) and wide receiver Daniel Odom (No. 258). If Kreul ultimately signs later this year, it will represent Oklahoma’s fourth consecutive cycle with at least one five-star addition dating to the 2023 class.

Kruel took part in the 2025 Under Armour All-America Game earlier this year and will enter his senior season at IMG Academy this fall. One of the most polished defensive prospects in the 2026 class, he closed his junior campaign in 2025 with 39 tackles, 11 hurries and 6 sacks.

Oklahoma joined the likes of Florida and Ole Miss among the first major programs to prominently enter the mix for Kreul’s commitment nearly two years ago. Kreul told ESPN last month that his relationships with Sooners defensive line assistants Todd Bates and Miguel Chavis, along with Venables’ background of nearly two decades as a defensive coordinator were driving factors in his heavy interest in Oklahoma.

“The opportunity to play for a defensive-minded head coach and one of the best minds in the sport in coach Venables is something you may not get at every school,” Kreul said. “That piece is something that’s been very present for me throughout in terms of building my relationship with Oklahoma.”

Kreul now stands as the seventh defender bound for Oklahoma in 2026 and a cornerstone member of the Sooners’ latest class. Along the defensive line, Oklahoma also holds pledges from three-star defensive tackle Brian Harris and defensive ends Matthew Nelson and Daniel Norman.

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