Opinion: With new credit card, Apple lets us glimpse the future of finance

At Framework Venture Partners, we believe that the future of finance will be shaped by what we’ve labelled Fintech 2.0. Simply put, our thesis is that standalone financial products and services will largely disappear and will instead become embedded in the flow of applications people use every day.

This itemized visibility will mean that Apple is likely to forecast when you get married, have children or will be looking to make a major purchases. With all this data, Apple could then offer this person real-time money movements, savings, investments and even mortgages with virtually no paperwork. More importantly, Apple could offer these products with preapproved amounts and rates customized to that person’s projected credit risk.

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Apple tries to take a bite out of credit card industryThe card expands the company’s digital Apple Pay services, marrying the physical card to a virtual one and integrating both with the iPhone. Actually Apple wants to get a large piece of the financial transactions among people ... similar to what WeChatApp does in China.
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