Goldman Sachs (GS) has been revamping its consumer-banking approach and offers more services through its partnerships with Apple (AAPL), AnnaMaria Andriotis of The Wall Street Journal reports. For years, Apple has requested U.S. banks to allow their customers to view deposit-account balances on its digital wallet, but most banks have declined, people familiar with the matter said. Goldman Sachs, however, obliged. Goldman Sachs also has expanded its partnership with Apple, now working on a high-yield savings account and "buy now, pay later" plans to be offered to Apple customers. Goldman Sachs’ partnership with Apple reflects its revamped approach to consumer banking. The bank abandoned plans to build a full-service consumer bank and instead opted to provide services to wealth-management customers and through partnerships. Reference Link
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