Marc Rubinstein / Bloomberg:
JPMorgan's recent data access deal with Plaid, if extended to other aggregators, could allow Plaid to use its cost advantage to further consolidate market share — The agreement setting a price for customers' financial information stands to benefit the biggest market players.
Joel Drapper:
Sources allege that nonprofit Ruby Central took control of some Ruby open-source projects from their maintainers without consent, after pressure from Shopify — Ruby Central recently took over a collection of open source projects from their maintainers without their consent.
Makini Brice / Reuters:
The EU launches an antitrust probe into SAP over its ERP software maintenance and support services, with a potential fine of ~10% of its annual global sales — The European Commission has opened an investigation into possible anticompetitive practices by Germany's SAP (SAPG.DE) …
Pratik Bhakta / The Economic Times:
Google Pay and PhonePe accounted for 80% of India's UPI transactions in Aug. 2025, down from 85% a year ago, as smaller players like Navi and BHIM gained ground — The race for Unified Payments Interface (UPI) market share is heating up, with smaller fintechs ramping up volumes and pushing …
Financial Times:
UK retailer Co-op says the April cyber attack cost the company £206M in revenue, marking the first time it has quantified the financial impact of the attack — Group falls to £50mn pre-tax loss after April incident that led to empty shelves at its 2,300 convenience stores
Nikkei Asia:
DealStreetAsia: VC funding in Indonesian startups fell to just $80M in H1 2025 from $200M a year earlier, as startups face fallout from corruption scandals — JAKARTA — At the beginning of this month, Jakarta prosecutors paraded three suspects in an alleged $25 million corruption …
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