News Update

“`json
{
“processed_title”: “Apple Card Partnership Shift: JPMorgan Chase to Replace Goldman Sachs”,
“processed_content”: “

The era of the Apple Card as a Goldman Sachs product is officially drawing to a close. In a significant shift for the consumer fintech landscape, Apple has announced that JPMorgan Chase will become the new issuer of the Apple Card. This transition marks the end of Goldman Sachs’ ambitious, and often turbulent, foray into consumer banking, effectively unwinding the “Project Maven” initiative that originally paired the two tech giants.

While the change signals a return to stability for Apple’s financial products—pairing with an established banking behemoth rather than an investment bank newcomer—the switch won’t be instantaneous. Apple expects the migration to take approximately 24 months, ensuring a seamless transition for current cardholders without disrupting service. During this period, the backend infrastructure will move from Goldman to Chase, impacting existing credit accounts and the high-yield savings account currently offered by Green Dot. This move highlights the increasing consolidation between major traditional banks and big tech ecosystems.

“,
“tags”: “Apple, Apple Card, JPMorgan Chase, Goldman Sachs, Fintech, Banking”
}
“`