Just a day after the Goldman Sachs CEO said that his company's deal to service Apple Card customers may end early, two banks are said to be in active discussions to take over.

Apple is in talks with Barclays to replace Goldman Sachs as the tech giant’s credit card partner, says two sources familiar with the matter, as the Wall Street giant steps back from its consumer finance ambitions.

Goldman Sachs partnered with Apple in 2019 to launch the Apple Card. The Apple Card, while innovative in its integration with Apple’s ecosystem, proved a costly for Goldman. Barclays and Synchrony Financial are reportedly the top contenders of replacing Goldman.

It's been Goldman Sachs in the background since the Apple Card's launch in 2019. Ever since its introduction in 2019, the Apple Card has been powered

Apple is exploring partnerships with Barclays and Synchrony to replace Goldman Sachs as its credit card partner as Goldman scales back its consumer finance ambitions.

Goldman's credit card deal with Apple lasts until 2030, but the partnership may end sooner than that, Goldman CEO David Solomon told analysts on an earnings call on Wednesday.

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Goldman Sachs Group Inc, SPDR® S&P 500, TJX Companies Inc, Natural Gas Futures. Read Investing.com (Jesse Cohen)'s latest article on Investing.com UK.

Apple is in talks with two major financial firms, as it looks for a new Apple Card partner to replace Goldman Sachs.

Medical credit cards are increasingly pushed on patients across America as the costs of health, dental, and veterinary procedures rise. CareCredit had 12 million cardholders and 270,000 participating providers in 2024,

The Apple Card, which has now been available in the USA for over five years, needs a new bank. Now there are other candidates.