GS is coming after cards and unsecured term loans. GS is a legitimate bank. Anyone other than me worried about this?
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AWS getting into online banking is a bigger threat I believe than Apple Card.
Apple Card adoption means that an FI must cateorigcally drop any Andriod payment platforms - any deep dive analysis indicates that it is not a threat, really.
Our “leadership” is more of a danger to the bank than Apple or GS. By the way, you didn’t mention that they’re coming after our deposits as welll. 2.15% at Marcus by GS. No fees, no strings attached, no restrictions.