trending Market Intelligence /marketintelligence/en/news-insights/trending/94MRSrA4OwGlZ2PNfPKegw2 content esgSubNav
In This List

IOS 11 brings major updates to Apple Pay, Siri


Japan M&A By the Numbers: Q1 2022


Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A


Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion


Global M&A by the Numbers: Q2 2022

IOS 11 brings major updates to Apple Pay, Siri

Apple Inc. announced iOS 11, which will be launched later this fall, at its developer conference on June 5.

The upcoming Apple Pay platform will feature person-to-person payment capability, which enables Apple to compete with other person-to-person mobile payment offerings like PayPal Holdings Inc.'s Venmo and Square Inc.'s Square Cash. The upgrade allows users to complete personal transactions within the Messages platform. Users can also use Siri to pay someone, using the credit or debit cards they already have in Wallet. When users get paid, they receive the money in their new Apple Pay Cash account, which can be transferred to their own bank accounts.

The latest Siri voice assistant uses machine learning and artificial intelligence technology to provide more personal services. For example, as Siri learns topics or places a user is interested in while browsing Safari, they will be suggested when typing in Mail, Messages and other apps. Siri will also be integrated with a beta translation service to support English translations to Chinese, French, German, Italian, and Spanish. More translation services will be added in the future.

IOS 11 includes a Do Not Disturb feature to help drivers stay more focused. IPhone can detect when users may be driving and automatically silence notifications to keep the screen dark. Users have the option of sending an auto reply to contacts listed in Favorites to let them know they are driving and cannot respond until they arrive at their destination.

The iPhone manufacturer also launched a redesigned App Store, which features original stories and editorial, interviews, helpful tips and collections of apps and games. App Store for iMessage has a redesigned app drawer for more convenient access to apps and stickers.

Meanwhile, the new desktop operating system, macOS High Sierra, is set to debut in late June. The operating system features support for industry-standard high-efficiency video coding H.265 which streams and plays 4K video files that are up to 40% smaller than with the current H.264 standard. The updated operating system combines Thunderbolt 3 and Metal 2 for improved graphics. MacOS High Sierra also supports virtual reality content creation.

SNL Image

iOS 11
Source: Apple