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Apple’s Partnership With Goldman Sachs Will Drive Seismic Shifts In The Banking Industry

Forrester IT

Apple and Goldman Sachs are partnering to deliver a new credit card. The bigger concern for digital banks, traditional banks, […]. The industry seems to be quick to dismiss the partnership, especially the rewards program – but we think they’re missing the bigger picture.

Banking 391
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First Apple, Now Amazon: Goldman Sachs’ move to help big tech into banking

Forrester IT

Goldman Sachs has already partnered with Apple on its credit card, and we now hear that the firm is close to striking a deal with Amazon on small business lending. What does it mean, and should traditional banks be worried? Watch the video below to hear my take on why this matters.

Banking 212
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Apple's inexorable plan to replace retail banking

Computerworld Vertical IT

At this point, Apple offers its users services to make purchases, transact sales, buy items on credit using a card, save money, a virtual currency, and to make small transactions over time at zero interest rates. But even now the Apple Pay story is still just beginning. No one likes the banks any more.

Banking 69
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Some Russian bank customers have been cut off from Apple Pay and Google Pay

The Verge

Financial sanctions from several countries bar some card payments through Google Pay and Apple Pay. Customers at a number of banks in Russia can no longer use their bank cards with Google Pay and Apple Pay due to newly-imposed financial sanctions on the country, as reported by Insider.

Banking 98
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Apple wants to end partnership with Goldman Sachs on Apple credit card

TechSpot

Sources familiar with the matter told The Wall Street Journal that Apple recently informed the bank and financial services company of its intent to exit their deal within the next 12 to 15 months. It isn't yet known which company would step in to replace Goldman Sachs, but several possibilities. Read Entire Article

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Schrodinger’s Open Banking

CIO Business Intelligence

I can’t help but think of open banking in the United States — it’s not here, and, at the same time, it’s very much here. In essence, they’re not waiting for the kind of regulatory open banking mandates that have been handed down in other parts of the world. They’re building their own open banking environment.

Banking 94
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Schrodinger’s Open Banking

CIO Business Intelligence

I can’t help but think of open banking in the United States — it’s not here, and, at the same time, it’s very much here. In essence, they’re not waiting for the kind of regulatory open banking mandates that have been handed down in other parts of the world. They’re building their own open banking environment.

Banking 94