Discussion

• @markgurman Mark Gurman on x

  New story: Apple will handle the lending, credit checks and decision making itself for its new Apple Pay Later BNPL service, sidestepping partners like Goldman Sachs as the company pushes deeper into financial services. https://www.bloomberg.com/...

• @sub8u @sub8u on x

  Are you really a tech company if you don't offer loans to your customer base? https://www.ft.com/... https://twitter.com/...

• @fttechnews @fttechnews on x

  Apple sidelines Goldman and goes in-house for new lending service https://www.ft.com/...

• @1br0wn @1br0wn on x

  'In March, Apple bought UK-based fintech Credit Kudos. The start-up uses machine learning to create an alternative to traditional credit scores, which have been criticised as a way to accurately assess a consumer's finances.' https://www.ft.com/...

• @cnha Ashish Sinha on x

  Lending is feature (courtesy @kunalb11). Distribution is the product. Collection is the real business. Apple knows it. Late to the party, but with the complete story. https://www.bloomberg.com/...

• @zacbowden Zac Bowden on x

  Apple has so much money it's literally planning to lend it to customers lol https://twitter.com/...

• @qbking77 Tim Schofield on x

  iBank coming soon? After releasing a credit card I figured it was a matter of time until they started lending money to people https://twitter.com/...

• @dotybilly William Doty on x

  @DeItaone Lock you out of your iCloud account if you don't pay?

• @emmonspired @emmonspired on x

  $AAPL now a credit company similar to how Ford autos transitioned from being a car company to truly a lending company. Nothing new under the sun. https://twitter.com/...

• @rosebudkane25 Kurr Kurr on x

  “Nah we'll handle enslaving the consumers in debt” - Apple https://twitter.com/...

• @newsynick Nick Turner on x

  Is Apple becoming a bank? Sorta. It will handle the lending for its new Apple Pay Later service (along with credit checks and decision-making), but it doesn't have a bank charter. It relies on a payment credential issued by Goldman Sachs. https://www.bloomberg.com/... via @markgu…

• @bdsams Brad Sams on x

  Embrace, Extend, Extinguish https://twitter.com/...

• @rsgnl Joe Rossignol on x

  Apple is now a bank. https://twitter.com/...

• @excapite @excapite on x

  @paulmarkbailey Apple's vision for the iPhone was always to become the iWallet This is just another dimension to that journey As to the question is BNPL a great space to be playing in? That's an entirely different question fintech and payments are fragmented and broken Q is can A…

• @f__peladeau @f__peladeau on x

  @DeItaone This is a very dangerous program. LOL

• @caro_milanesi Carolina Milanesi on x

  Very interesting, as it signals how committed Apple is https://twitter.com/...

• @michaelsayman Michael Sayman on x

  Can't wait to get approval for my Apple Loan on my Apple House & Apple Car in the Apple Community that allows one to apply if you have an Apple ID with minimum 250 Apple Citizen Score & 7.5 Apple Health Score based on measurements from my Apple Watch and iMessage history. https:/…

• @mondomascots @mondomascots on x

  Aomo, a blue bear with an apple on its head and a haunted look in its eyes, is the mascot for Japan's Aomori Bank. https://twitter.com/...

• @detroitborg Michael Kukielka on x

  Apple Bank? https://www.macrumors.com/...

• @vadimyuryev Vadim Yuryev on x

  This is HUGE news because Apple has enough cash and profit to avoid going default in the case that masses of people stop paying their bills, unlike some other banks. https://twitter.com/...

• @gartenberg Michael Gartenberg on x

  “The ugly economics behind Apple's new Pay Later system.” Far better said by the @verge than I could in a Tweet. I'd say this will come back to bite them but Apple marketing is too good to let that happen. O https://www.theverge.com/...

• @stephennellis Stephen Nellis on x

  Apple will fund pay-later loans off its corporate balance sheet, which has some of the best credit ratings and cashflow in the world, through precise details are TBD - https://www.reuters.com/...

• @carnage4life Dare Obasanjo on x

  Apple is going to finance Apple Pay's BNPL loans by itself using its $200B cash hoard. This already makes their economics better than the rest of the BNPL apps like Klarna, AfterPay & Affirm who borrow the money they then loan to consumers. https://www.bloomberg.com/...

• @benedictevans Benedict Evans on x

  Apple never set up a record label, an MVNO or a movie studio. It's always been asset-light in stuff that was outside core platform and tech. It doesn't even run the credit card. Does that change? https://twitter.com/...

• @nicolelpinto Nicole Pinto on x

  “Apple Financing LLC has necessary state lending licenses to offer the feature, though it operates separately from the main Apple corporation.” They're also replacing Core Card with in-house tech 👀 (although not shocking based on prior bbg articles) https://www.bloomberg.com/...

• @damipayne @damipayne on x

  As expected, especially after the scandal of bias against women in the credit scoring performed by Goldman. The every company is a fintech thesis continues to prove true. https://twitter.com/...

• @anshelsag Anshel Sag on x

  Looks like @Apple has enough $$$ on-hand to make this happen on its own. Does this mean that Apple can deactivate your iPhone, iPad or Macbook if you stop making payments? https://twitter.com/...

• @micwasowski @micwasowski on x

  https://twitter.com/... https://twitter.com/...

• @freezydorito @freezydorito on x

  if you don't pay your debt tim cook comes to your house and makes you watch ted lasso with him https://twitter.com/...

• @darth @darth on x

  @mondomascots nothing gives me more confidence in putting my money in a bank than a bear with an apple on its head looking at me like i am crazy for putting my money in this bank mondo mascots

• @lordmatty Matt Brooke-Smith on x

  Surprised but probably shouldn't be given that Apple is such a vertical integrator https://twitter.com/...

• @gareth_rutter Gareth Rutter on x

  This is so dissapointing from @Apple teaching peoples to overspend, over stretch. We're about to crash into recession. It's repellent. https://twitter.com/...

• @megaconstellati @megaconstellati on x

  Might @Apple also sidestep its telecom partners & push deeper into service provision? Satellite-based tracking & emergency messaging powered by @Globalstar seems to be coming certainly but might $AAPL also utilize $GSAT's spectrum (Band 53/n53) terrestrially (e.g. for IoT)? https…

• @maxwinebach Max Weinbach on x

  Apple is definitely trying to get to “to big to fail” status and make sure the government bails them out because of all the banking and transactional stuff linked to it. https://twitter.com/...

• @bvlaar Brandon Vlaar on x

  I don't understand Apple's push into financial services. Build APIs like Apple Pay, take a small cut of interchange and call it a day. They're introducing anti-trust risk for products that they could easily commoditize as compliments, offer “choice” and earn margin. $AAPL https:/…

• @paulmarkbailey Paul Bailey on x

  Agreed. Apple don't need to do this. So why have they? https://twitter.com/...

• @soflotrading SoFlo on x

  * Apple is about to take out all the “Buy Now, Pay Later” companies $AAPL $AFRM https://twitter.com/...

• @carnage4life Dare Obasanjo on x

  Affirm's CEO isn't worried about Apple Pay adding BNPL because Affirm offers more extensive and longer-term plans? Heck, I wasn't worried until he shared such weak differentiation. Apple Pay may not steal customers but has now capped their growth on iOS. https://www.bloomberg.com…