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Goldman Sachs CEO: Apple Card is the start of Goldman’s transformation into a consumer powerhouse

Created by Apple and designed for iPhone, Apple Card brings together Apple’s hardware, software and services to transform the entire credit card experience.
Created by Apple and designed for iPhone, Apple Card brings together Apple’s hardware, software and services to transform the entire credit card experience.

CEO David Solomon said that with the Apple Card, Goldman Sachs is embarking on a multi-decade journey to becoming a leader in consumer banking just as it has been in Wall Street banking and trading.

Yun Li and Dawn Giel for CNBC:

“Apple Card is big, but it’s also a beginning,” Solomon said Tuesday in an internal memo obtained by CNBC. “In the decades to come, I expect us to be a leader in our consumer business, just like we are in our institutional and corporate businesses, with customer-centricity at the core of everything we do.”

“Apple Card makes a typically frustrating application process easy; it provides an interface with more useful information for the customer; and it places greater importance on customer privacy and security. As a beta user for the last few months, I’m a happy customer and use the card all the time both through Apple Pay and the titanium physical card.”

MacDailyNews Take: We already love our Apple Cards, too!

Apple Card will be a smashing success! — MacDailyNews, April 29, 2019

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