A Goldman Sachs exec explains why the bank isn’t sweating concerns over the Apple Card’s profitability
|06/11/2019||Posted by BusinessMediaguide.Com under General World News||
- Credit-card industry observers and competitors have cast doubt on the Apple Card’s profit potential.
- The card, a partnership with Goldman Sachs, boasts some consumer friendly features, including no fees and tools to keep interest payments at bay, which could stymie revenues.
- Goldman Sachs isn’t sweating the profit concerns, according to Omer Ismail, head of consumer digital finance in the Americas for Goldman’s Marcus division.
- At Business Insider’s IGNITION: Transforming Finance event Monday, Ismail said they view card’s features as tools to build customer loyalty and a long-term advantage.
- Visit Business Insider’s homepage for more stories
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