It's not clear whether Apple has found a new partner or would consider bigger changes to its financial products if it were to exit the agreement with Goldman Sachs. Goldman has also faced scrutiny from regulators into how it handles refunds and billing errors, and over alleged gender discrimination when determining credit limits.Įarlier this year, Goldman Sachs said it would 'consider strategic alternatives' for its consumer banking business.įor Apple, the credit card and savings accounts are a way to add value and additional features to its iPhone, as well as bolster its quickly growing services business with fees. When Apple first launched the Apple Card in 2019, Goldman Sachs CEO David Solomon was in attendance at a glitzy Apple launch event at its California campus.īut the partnership has been rocky in recent years as Goldman Sachs, under Solomon, has retreated from its previous consumer banking ambitions as costs stacked up. While Apple offers both its credit card and savings account through the wallet app on iPhones, the banking back end is handled by Goldman Sachs. It would also mean that Apple would need to find a new financial partner for its popular credit card, Apple Card, and its high-yield savings accounts under the Apple brand. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower You also receive: Access to vote in The Voice Official. Receiving three credits, allowing you to watch any three locked episodes for free. Best Debt Consolidation Loans for Bad Credit In NBCUniversal apps, your NBC profile allows you to personalize your experience in ways including but not limited to: Enjoying a seamless cross-platform experience when you log in on more than one device.
