Apple terminated its partnership with Goldman Sachs

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Apple is said to have terminated its financial partnership with Goldman Sachs, ending the collaboration that began in 2019.

After news of the deterioration of the relationship, Apple made a proposal to Goldman Sachs to dissolve the partnership, which would be completed within 12 to 15 months, covering consumer partnerships, including savings account services.

It’s unclear who Apple’s next partner will be. The report pointed out that the main reason for Goldman Sachs’ losses was Apple Card.

Despite the termination of its partnership with Goldman Sachs, Apple said it would continue to offer Apple Card tools and services, indicating that its banking services will continue.

(Source: ChannelNews Image source: Freepik)

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