Transactions: Goldman Sachs, Apple team up for savings accounts

Goldman Sachs and Apple have launched Apple Card, a savings accounts that allows clients to add funds through a linked bank account or directly from Apple Cash. “Just last week we introduced a new Goldman Sachs savings account for Apple Card that allows users to grow their rewards,” Goldman Sachs Chief Executive David Solomon said Tuesday during the bank’s Q3 earnings call. [caption id="attachment_183573" align="alignright" width="300"] Image via Bloomberg [/caption] The account will have no fees or minimums and will be accessible by Apple Wallet, according to an Apple release. “Goldman Sachs and Apple are committed to expanding our relations and we have recently extended and adjusted our partnership through the end of the decade in order to continue to help consumers with healthier financial lives,” Solomon said. Remitly partners with Visa on RTP Online remittance service Remitly recently announced an expanded partnership with Visa to allow customers in Canada to send real-time payments to users in more than 100 countries using Visa Direct. The new capability will allow users to send cross-border payments using machine learning-powered technologies in an Amazon Web Services cloud architecture, Milkana Brace, vice president of global disbursement network at Remitly, told Bank Automation News. “Customers can now use Visa cards, in addition to the pre-existing bank account, digital wallet and cash payout options,” Brace said. “Our vision at Remitly is to transform the process of sending money internationally; key to delivering on that is broadening our array of payout options and providing optionality for our customers to meet their individual needs.” The partnership began in May 2021, giving Seattle-based Remitly customers cross-border payment capabilities through bank account, digital wallet and cash-payout options. The company will “continue to look for new opportunities to serve customers with locally relevant payment and disbursement options,” Brace added. Truist acquires 2 companies in Q3 Truist announced its acquisition of insurance agency BenefitMall and plans to acquire premium finance company BankDirect Capital Finance during the third quarter. Dallas-based BenefitMall was purchased by Truist Insurance, a subsidiary of Truist Financial Corporation, on Sept. 1. The bank expects to close its acquisition of BankDirect in the fourth quarter. Terms of either deal were not disclosed. The effect of the acquisitions is expected to be realized during the fourth quarter, Mike Maguire, chief financial officer at Truist, said during Tuesday’s earnings call.

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Transactions: Goldman Sachs, Apple team up for savings accounts

Truist closes 1 acquisition, another set for Q4

Citizens to redesign mobile app

Fifth Third to relaunch mobile app

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