#Apple mainstage 3 forbes full

It's capital intensive, highly regulated, and the optics of Apple debt collectors going after individuals or SMBs are horrible.РІР‚СњР”В¬redit Kudos isnРІР‚в„ўt going to assume the risk, either. РІР‚СљApple isnРІР‚в„ўt interested in directly being a lender itself, for several reasons. As Jason Mikula, author of the Fintech Business Weekly newsletter, wrote on LinkedIn:

#Apple mainstage 3 forbes full

Instead of forcing consumers to do a full credit pull just to buy a $50 jacket, why not quickly check their affordability and credit worthiness directly from their bank account? Credit Kudos immediately provides that capability to Apple.РІР‚СњР”Р‡intech Snark Tank take: Taylor makes a great point, but whoРІР‚в„ўs underwriting the risk in that potential BNPL transaction? Apple? Fuggedaboutit. The Times hypothesized that AppleРІР‚в„ўs acquisition of Credit Kudos РІР‚Сљis likely to accelerate its move into payments technology and products such as buy now, pay later.РІР‚Сњ Simon Taylor of UK fintech consultancy 11:FS told AltFi: 2) Offer a Buy Now, Pay Later (BNPL) Service Just as Goldman Sachs provides the credit underwriting models for the Apple Card in the US, a UK financial institution is likely to bring its own credit models to the table for a UK-based Apple Card offering. Apple still needs a chartered financial institution to partner with in the UK in order to offer its credit card. РІР‚СљGiven Credit KudosРІР‚в„ўs specialism-providing a rapid alternative to traditional credit scoring via open banking methods-it is possible that Apple wants to bring its services in house to support the launch of its new product in the UK.РІР‚СњР”Р‡intech Snark Tank take: This seems highly improbable to me. Is Credit Kudos AppleРІР‚в„ўs path to offering the Apple Card in the UK? According to AltFi: Through its partnership with Goldman Sachs, Apple launched its Apple Card credit card in the US a few years ago. Why is Apple acquiring Credit Kudos? The conventional wisdom among observers revolves around four possibilities: 1) Launch the Apple Card in the UK Why Apple Wants Credit Kudos: Conventional Wisdom