Apple’s plan to ‘Breakout’ Apple Card and Apple Pay

At the ned of last month, Bloomberg News reported that Apple is launching an initiative code-named “Breakout” to bring more financial services capabilities—like payment processing, risk and fraud analysis, credit checks, and customer service—in-house.Ron Shevlin for Forbes:That helps explain why Apple acquired Credit Kudos, a UK-based open banking company that helps lending streamline and improve their loan underwriting efforts.
But why the broader push to bring financial