We’ve identified for a while that the Apple-Goldman relationship was on shaky floor. And that Apple Card may be getting a brand new house.
The Wall Road Journal is reporting that Apple has certainly determined to maneuver on from Goldman in roughly 12 to fifteen months. This can imply each the Apple Card and the financial savings account (that was rolled out only a few months in the past) will want a brand new banking associate.
With Goldman deciding to exit the patron enterprise this felt prefer it was solely a matter of time. Apparently, Goldman had already advised Apple that it was trying to exit the partnership.
So, who will decide up this highest-profile partnership in all of fintech? The WSJ couldn’t verify any new identify. We do know American Categorical was however that they had some considerations. Synchrony has additionally been talked about. There will not be many names who’ve the capability to tackle this partnership.
We are going to discover out sooner or later. Within the meantime, Goldman has to attempt to maintain on to these staff who work within the card and financial savings account packages who know their days are numbered.
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