Latest news with #AppleCard
Business Wire
03-06-2025
- Business
- Business Wire
DoiT Appoints Amit Kinha as Field Chief Technology Officer
SANTA CLARA, Calif.--(BUSINESS WIRE)-- DoiT, a global leader in enterprise-grade FinOps and cloud financial management, today announced the appointment of Amit Kinha as field chief technology officer (Field CTO). In this role, Kinha will guide the DoiT Cloud Intelligence™ vision, roadmap and champion FinOps best practices across the industry. His leadership will ensure that FinOps practitioners and business leaders alike have the actionable insights they need to extract maximum value from every cloud workload. Kinha joins from Citigroup, where he was director of cloud FinOps, leading product and engineering efforts to build in-house FinOps tooling, optimize multi-cloud spend and shape the company's broader cloud strategy. Prior to Citigroup, he spent seven years at Goldman Sachs as a software engineer, where he helped deliver flagship projects, including the Apple Card and Marcus. 'Amit possesses formidable FinOps experience, along with a vision that anticipates and ushers in the future of cloud platforms,' said Vadim Solovey, chief executive officer at DoiT. 'This is the type of world-class talent and expertise driving our technology development. As we move forward, we're confident Amit's leadership will ensure DoiT remains out front in bringing the most effective FinOps tools to market.' An active force in the global FinOps community, Kinha has spoken at FinOps Foundation events, including the NYC Roadshow and FinOps X. He also serves as a FinOps Ambassador and contributes to the evolution of the FinOps FOCUS standard as a member of its Steering Committee. 'FinOps isn't just about cost anymore—it's about control, speed and unlocking smarter decisions at scale,' said Kinha. 'DoiT is rewriting the rules of what's possible in cloud financial management. I'm excited to help shape a platform that doesn't just react to cloud spend—it predicts, governs and elevates cloud strategy into a business advantage.' The DoiT Cloud Intelligence platform was built from the ground up to address the complexities and demands of the Cloud+ era—where mere cost visibility and analytics for cloud spend alone are no longer sufficient, and true efficiency requires understanding the intent and resource behind any workload, managing its risks and enabling action at scale. The DoiT platform enables FinOps-focused organizations to thrive in the Cloud+ era. It is also certified by the FinOps Foundation, the highest recognition offered by the organization. To learn more, please visit About DoiT DoiT is a global leader with its DoiT Cloud Intelligence™ platform, providing intent-aware FinOps solutions that help businesses maximize the impact of their cloud investments. With deep expertise in AWS, Google Cloud and Azure, DoiT Cloud Intelligence empowers to connect every dollar spent to the goals of each workload, go beyond surface metrics to uncover the root causes of inefficiency and close the loop with engineering teams to drive real optimization. With full-stack telemetry and contextualized insights, DoiT enables smarter spending, faster innovation and greater business outcomes.
Yahoo
03-06-2025
- Business
- Yahoo
DoiT Appoints Amit Kinha as Field Chief Technology Officer
FinOps visionary to drive next-gen capabilities for maximizing cloud investments SANTA CLARA, Calif., June 03, 2025--(BUSINESS WIRE)--DoiT, a global leader in enterprise-grade FinOps and cloud financial management, today announced the appointment of Amit Kinha as field chief technology officer (Field CTO). In this role, Kinha will guide the DoiT Cloud Intelligence™ vision, roadmap and champion FinOps best practices across the industry. His leadership will ensure that FinOps practitioners and business leaders alike have the actionable insights they need to extract maximum value from every cloud workload. Kinha joins from Citigroup, where he was director of cloud FinOps, leading product and engineering efforts to build in-house FinOps tooling, optimize multi-cloud spend and shape the company's broader cloud strategy. Prior to Citigroup, he spent seven years at Goldman Sachs as a software engineer, where he helped deliver flagship projects, including the Apple Card and Marcus. "Amit possesses formidable FinOps experience, along with a vision that anticipates and ushers in the future of cloud platforms," said Vadim Solovey, chief executive officer at DoiT. "This is the type of world-class talent and expertise driving our technology development. As we move forward, we're confident Amit's leadership will ensure DoiT remains out front in bringing the most effective FinOps tools to market." An active force in the global FinOps community, Kinha has spoken at FinOps Foundation events, including the NYC Roadshow and FinOps X. He also serves as a FinOps Ambassador and contributes to the evolution of the FinOps FOCUS standard as a member of its Steering Committee. "FinOps isn't just about cost anymore—it's about control, speed and unlocking smarter decisions at scale," said Kinha. "DoiT is rewriting the rules of what's possible in cloud financial management. I'm excited to help shape a platform that doesn't just react to cloud spend—it predicts, governs and elevates cloud strategy into a business advantage." The DoiT Cloud Intelligence platform was built from the ground up to address the complexities and demands of the Cloud+ era—where mere cost visibility and analytics for cloud spend alone are no longer sufficient, and true efficiency requires understanding the intent and resource behind any workload, managing its risks and enabling action at scale. The DoiT platform enables FinOps-focused organizations to thrive in the Cloud+ era. It is also certified by the FinOps Foundation, the highest recognition offered by the organization. To learn more, please visit About DoiT DoiT is a global leader with its DoiT Cloud Intelligence™ platform, providing intent-aware FinOps solutions that help businesses maximize the impact of their cloud investments. With deep expertise in AWS, Google Cloud and Azure, DoiT Cloud Intelligence empowers to connect every dollar spent to the goals of each workload, go beyond surface metrics to uncover the root causes of inefficiency and close the loop with engineering teams to drive real optimization. With full-stack telemetry and contextualized insights, DoiT enables smarter spending, faster innovation and greater business outcomes. View source version on Contacts Metis Communicationsdoit@
GSM Arena
29-05-2025
- Business
- GSM Arena
Apple Card gets another cut on interest rate
Apple Card is a banking service for Apple users in the United States. It has a Savings feature, allowing customers to earn interest on cashback deals, and the rate was 4.15% when introduced. The rate changed several times over time - in March, it was 3.75%, and today, it is reduced to 3.65%, its lowest since the service was introduced. Apple Card The interest rate matches that Goldman Sachs offers through its savings account. Apple is the main partner for this banking service. The 3.65% percentage was adjusted based on overall economic conditions, and while it is lower than before, it is still drastically higher than the national average interest rate in the United States (the Average Percentage Yield, or APY, is 0.59%). APY is the total rate of return for an interest-bearing account over a one-year period. For Apple customers, the sum is accumulated through cashback programs—1% on all purchases, 2% if they are through Apple Pay, 3% on the Apple Store, and partners like Uber or T-Mobile. These funds are returned to the Daily Cash account, but they can be transferred to the Savings account, where they'll earn interest over time. The interest is compounded daily, meaning the money grows every day if the user is patient enough. Via
NDTV
17-05-2025
- Business
- NDTV
Apple Pay Down: Global Outage Causes Payment Chaos For Millions
Apple Pay experienced a significant global outage on Friday, May 16, 2025, leaving users unable to make purchases or access funds. The disruption began at approximately 8:14 PM IST and affected related services, including Apple Wallet, Apple Card, and Apple Cash. Apple's System Status page indicated that the issues were resolved by 10:31 PM IST. With over 745 million users worldwide, including more than 60 million in the US, Apple Pay is a cornerstone of the company's digital ecosystem. While Apple did not specify the number of users impacted, it acknowledged that "some users may have experienced an issue with this service." Outage-tracking site DownDetector recorded over 2,000 user reports in the US, with complaints focusing on payment failures and difficulties transferring funds. Frustrated users took to social media platforms to express their concerns and seek information. DownDetector's outage map showed widespread Apple Pay issues in major US cities, including New York City, Los Angeles, and Chicago, as well as smaller-scale outages in the UK and parts of Europe, affecting users' ability to make transactions and access funds. Widespread disruptions were reported across America. Hundreds of Apple Pay users reported issues on DownDetector and social media, with many receiving an error message stating, "Cannot receive payments sent with Apple Cash at this time." "This is the problem with handing everything over to the technocracy. Apps and services run on #ApplePay, and when it goes down... transactions completely stop," commented a user. "Apple's Response? Do you think Apple should be more transparent about outages like this? How quickly should they acknowledge and fix the issue"? wrote another user. 'Apple Pay being down is the ultimate example of why a cashless society is dystopian. Cash must live on so we are free'. wrote a third user on X (formerly known as Twitter).
Time of India
16-05-2025
- Business
- Time of India
Apple Pay down: Outage disrupts digital payments as users report widespread issues
Apple Pay , one of the world's most widely used digital payment platforms, experienced a significant outage on May 16, 2025, affecting thousands of users across the United States. Tired of too many ads? go ad free now As per reports, the disruption, which began around 8:00 a.m. Pacific Time left many unable to make transactions, access their digital wallets, or use related services like Apple Cash and Apple Card. While Apple has since restored most of its services, the incident highlights the growing dependency on digital financial systems and the potential challenges they face. Apple Pay outage: Widespread user reports highlight major disruption The first signs of the outage appeared when thousands of users began reporting issues on the popular outage tracking platform, Down Detector. At its peak, nearly 3,000 reports were logged, indicating a widespread problem affecting Apple Pay, Wallet, Cash, and Card services. Many users also took to social media platforms like X (formerly Twitter), Reddit, and Bluesky to share their frustrations about being unable to complete routine transactions. For nearly two hours, Apple Pay and Wallet remained inaccessible for many, significantly impacting users who rely on the service for daily purchases, transportation, and peer-to-peer payments. This prompted many to seek alternative payment methods, with some noting the inconvenience of being unable to access ride-hailing services like Uber and Lyft, which often depend on Apple Pay for quick transactions. Apple's status page confirms the outage Apple's official status page, which initially showed all systems as operational, eventually confirmed the widespread disruption. The page listed ongoing issues with Apple Pay, Apple Wallet, Apple Card, and Apple Cash, stating that "some users may be experiencing issues with this service." Tired of too many ads? go ad free now This acknowledgment came roughly an hour after the first reports surfaced, reflecting a delayed response to the problem. By late morning, Apple had updated its status page to indicate that Apple Cash and Apple Card services had returned to normal, while Apple Pay and Wallet continued to experience problems. Despite these updates, some users continued to report lingering issues, suggesting that the recovery process was not uniform across all regions or devices. Resolution and current status As of 11:11 a.m. Pacific Time, Apple reported that all affected services, including Apple Pay and Wallet, had been restored. However, the company's status page provided no specific details about the cause of the outage or the steps taken to resolve it. Apple has not yet released an official statement addressing the incident, and requests for comment have so far gone unanswered. While the outage appears to be resolved for most users, some have continued to report sporadic connectivity issues, indicating that the recovery may still be ongoing for a subset of the user base. The incident also sparked renewed discussions online about the importance of having backup payment options, especially as digital payment systems become more deeply integrated into daily life. Impact on users and financial transactions The timing of the outage, occurring on a Friday morning, likely added to the inconvenience for users attempting to pay bills, transfer funds, or make weekend plans. The incident also highlights the broader implications of relying on digital payment systems, which, while convenient, can leave users vulnerable to sudden disruptions. Given the scale and duration of the outage, Apple Pay's temporary unavailability serves as a reminder of the critical role digital payment platforms now play in global commerce. It also underscores the need for robust backup systems and clear communication from service providers when technical issues arise.
