Now let banks think: Apple is launching its own financial service

Recently, technology companies have offered their users a variety of financial service takes an important step forward. According to a report, Apple joins these companies. According to a report prepared appleis working on a multi-year plan to bring its financial services in the future. Thus, the company aims to make many transactions more comfortable and easier.


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Apple will not bring the feature that has recently appeared in patent leaks in the iPhone 14 series, which it will release this year.

The project includes transactions such as approving transactions, increasing the credit limit.

Apple for financial services such as lending risk assessment, fraud analysis, credit checks, and dispute handling payment processing technology is developing. ‘breakoutThe project called ‘ awards, interest, confirm transactions, increase credit limits and reporting to credit bureaus includes operations such as

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The project is not for existing projects but for future projects. Apple financial Preparing for projects. Currently, Apple Apple Card and financial programs Goldman Sachs and CoreCard trusts financial companies such as Shares of the iPhone maker’s partners rose on Wednesday, with news about the alleged project from 8 percent fell too much.

Current project will allow Apple to expand to other countries

This project will add to Apple’s existing card and recently launched peer-to-peer payment services, taking the company further in the world of financial services. Besides that, it will also reduce Apple’s reliance on third-party partners. This reduction will help the company expand into other countries.

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ApplePay, in over 70 countries Although available, peer-to-peer payment, Apple Card and Apple Cash services such as USAHe stays in. Partners like GreenDot and CoreCard are limiting Apple’s ability to grow.

Apple has the possibility to use this new system for the subscription plan it is working on. Same time ‘buy now, pay later’ There is a possibility that it may serve as a lender for its services. Financial services help users stay connected to their iPhone and earn income in interest and transaction fees. Therefore, the company wants to have more control over the process.

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