Tagged: apple card

April 1, 2025 @ 4:34 pm By JD Alois  |  

Goldman Sachs (NYSE:GS), the partner powering the Apple Card, has wanted to exit its relationship with Apple (NASDAQ:AAPL) for quite some time now. Several years back, Goldman had big aspirations to utilize technology and leverage in-house expertise to power the future of mass financial services…. Read More

February 24, 2025 @ 11:56 am By JD Alois  |  

The Apple Card has arguably been a success for Apple (NASDAQ:AAPL). Available as both a physical and digital card, the card seamlessly integrates into the Apple Digital Wallet providing cash back on all charges along with additional user friendly services like advanced security features and… Read More

October 23, 2024 @ 11:08 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has penalized both Apple (NASDAQ:AAPL) and Goldman Sachs (NYSE:GS) for apparent transgressions in regard to the popular Apple Card. Apple announced its bespoke credit in partnership with Goldman in 2019. The digital/physical offering grew quickly due to its consumer-friendly… Read More

September 20, 2024 @ 9:02 am By JD Alois  |  

Multiple reports have claimed that Apple (NASDAQ:AAPL) has been talking to JP Morgan (NYSE:JPM), the largest bank in the US, to step in and takeover the popular Apple Card from current partner Goldman Sachs (NYSE:GS). Apple partnered with Goldman to launch the Apple Card, which… Read More

September 13, 2024 @ 8:11 am By JD Alois  |  

Not so long ago, Goldman Sachs (NYSE:GS) had huge ambitions in the consumer finance space enabled by Fintech. The theory expected that Goldman could lever its deep expertise in financial services to serve the masses by creating a tech stack to power consumer financial transactions…. Read More

January 31, 2024 @ 8:36 am By JD Alois  |  

Apple (NASDAQ:AAPL) has revealed that the number of Apple Card holders now numbers over 12 million since its launch in 2019. Apple partners with Goldman Sachs (NYSE:GS) to provide the Fintech services. At the same time, in the past several days, Apple moved its Apple… Read More

November 30, 2023 @ 10:38 am By JD Alois  |  

A report this week appears to indicate that Apple (NASDAQ:AAPL) is working with a Fintech in Brazil – perhaps to bring Apple Fintech services to life in the South American country and maybe elsewhere in the region. Braxil has emerged as a hot country for… Read More

November 29, 2023 @ 8:43 am By JD Alois  |  

Multiple reports have emerged that Apple (NASDAQ:AAPL) has cut a deal with Goldman Sachs (NYSE:GS) to exit its partnership regarding the popular Apple Card. The rumblings indicate that Apple approached Goldman to end the partnership. Apple has been pushing into Fintech for years now, and… Read More

April 20, 2023 @ 10:48 am By JD Alois  |  

In recent days, Apple (NASDAQ:AAPL) announced its anticipated savings account in partnership with Goldman Sachs (NYSE:GS). Like all things Apple the process of creating a savings account is streamlined and seamless – taking less than one minute.  The savings account has launched with a solid… Read More

October 13, 2022 @ 2:53 pm By JD Alois  |  

Apple (NASDAQ:AAPL), the largest company in the world by market cap, is becoming more like a digital bank. Apple announced today that it will soon offer interest-bearing accounts alongside its highly popular Apple Card. The service will be available in partnership with Goldman Sachs (NYSE:GS),… Read More

July 13, 2021 @ 3:29 pm By JD Alois  |  

Apple (NASDAQ:AAPL), the world’s most valuable public company, is diving deeper into the Fintech space according to a report. Apple is expected to offer a Buy Now, Pay Later (BNPL) service similar to other Fintechs like Affirm. BNPLs have emerged as a hot sector of… Read More

April 20, 2021 @ 4:12 pm By JD Alois  |  

Beyond announcing a slew of new and updated products, Apple CEO Tim Cook provided some commentary on the Apple Card – a credit card launched in cahoots with Goldman Sachs (NYSE:GS). Cook said that Apple (NASDAQ:AAPL) set out to completely re-invent the credit card and… Read More

March 24, 2021 @ 12:26 am By JD Alois  |  

The New York State Department of Financial Services (DFS) has determined that Apple (NASDAQ:AAPL) and underwriter Goldman Sachs (NYSE:GS) did not violate fair lending laws in regards to complaints pertaining to the Apple Card. In late 2019, Twitter erupted with a series of Tweets alleging… Read More

January 2, 2021 @ 4:16 am By Omar Faridi  |  

Apple (NASDAQ:AAPL) is well-known for playing a key role in the global commercial market – especially when providing the latest mobile technology. The tech giant seems to be diversifying part of its business model by branching out into the banking sector – which could potentially… Read More

January 29, 2020 @ 10:20 am By JD Alois  |  

Goldman Sachs Group (NYSE: GS) presented the firm’s vision for the future today in an Investor Meeting that charted the roadmap for the bank over the next few years. Goldman said the investor day reflects their ongoing commitment to providing the market with a “clear… Read More

November 11, 2019 @ 9:20 pm By JD Alois  |  

Goldman Sachs Bank took to Twitter once again to address the ongoing allegations of gender bias in regards to the issuance of the Apple Card. The Twitterati blew up last week as multiple Apple Card users claimed that gender was a factor in allocating credit… Read More

November 11, 2019 @ 7:32 am By JD Alois  |  

This past weekend, Crowdfund Insider reported on the growing cacophony of accusations that individuals applying for an Apple Card (NASDAQ:AAPL), issued by Goldman Sachs (NYSE:GS), were receiving lower credit limits based on gender. The entire dust-up was spawned by a series of tweets from David… Read More

November 10, 2019 @ 1:58 pm By JD Alois  |  

The relatively new Apple Card (NASDAQ:AAPL), issued by Goldman Sachs (NYSE:GS), is receiving some unwanted regulatory scrutiny from the New York Department of Financial Services (DFS). A series of tweets from David Heinemeier Hansson, the creator of Ruby on Rails and CTO of Basecamp, noted… Read More

November 2, 2019 @ 1:48 pm By JD Alois  |  

A report published by Bloomberg yesterday states that Goldman Sachs (NYSE:GS) has extended $10 billion in credit and 736 million in loan balances pertaining to the Apple Card, as of September 30th. The same report also states that following the rollout of the Apple Card,… Read More

August 9, 2019 @ 9:28 am By JD Alois  |  

The Apple Card (NASDAQ:AAPL) is rolling out all of this month with registered individuals receiving email notifications to sign up for the virtual/physical card. Managed by Goldman Sachs (NYSE:GS), the Apple Card expects to launch with interest rates (APRs) ranging from 12.99% to 23.99% when… Read More